Russian oil cargoes head away from India amid payment issues
Tuesday, 2 January 2024 Vessels hauling crude from Russia, which had been idling off India, are now headed eastwards. Concerns over oil payments to Moscow caused a slump in arrivals last month. Five ships carrying Sokol oil are moving towards the Malacca Strait, while a sixth is close to Sri Lanka. China seems to have stepped in to save the idling Sokol cargoes. India's oil imports from Russia fell to their lowest since January 2023 due to payment issues. The US and its allies have imposed sanctions on entities breaching the cap on Russian crude exports.
UN Says Global Food Prices , for Many Staples , Fell in 2023.
On January 5, the U.N. Food and
Agriculture Organization reported that
global prices for some commodities fell
last year from record highs reached in 2022.
ABC reports that the FAO Food Price Index
for 2023 was 13.7% lower than the...
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Russian crude oil tankers face issues delivering at Indian ports due to price cap enforcement by G-7 nations and challenges with shipping entities. India buys... IndiaTimes
Tuesday, 2 January 2024
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