crude oil

On the latest side-lines of the SCO Summit in Uzbekistan, the good news displays the bond strong between India and Russia. Discounted Russia crude proves to be a direct gain of Rupees 35,000 crore for India. In the case of the estimated Indian gain of Rs 35,000 crore, the credit goes to Russia. India’s importing …

Rather calling Saudi Arabia, an oil supplier to India ranking number two, would be more appropriate. Saudi Arabia recently has surpassed Russia for coming down to the ladder number three. Becoming Russia’s No. 2 oil buyer India has again initiated maintaining strong relationship with Russia opposing American will. China and many other petrol buyer countries …