Russian oil: Trade headaches for India as crude prices hit $60

Russia's major oil buyer India is preparing for tougher talks with banks that finance oil cargoes, following the breaking of the $60 a barrel cap on Russian oil. India and China have become the two dominant buyers of Russian crude since the OPEC+ producer shunned other purchasers.

Jul 14, 2023 - 09:30
Russian oil: Trade headaches for India as crude prices hit $60
Russia's major oil buyer India is preparing for tougher talks with banks that finance oil cargoes, following the breaking of the $60 a barrel cap on Russian oil. India and China have become the two dominant buyers of Russian crude since the OPEC+ producer shunned other purchasers.