Russian oil losing competitive edge in India as prices rise
Thursday, 4 January 2024 India's crude oil imports from Russia in November were the costliest in a year, reflecting lowering discounts on the fuel. Refiners paid an average of $85.90 a barrel for shipments from Russia, up 1.8% compared to October. Meanwhile, shipments from Iraq and Saudi Arabia were $85.70 and $93.30 respectively in November. India's imports from Russia rose 6.2% on month to 1.68 million barrels a day. However, shipments from Russia to India fell to 1.48 million barrels a day in December due to tightening sanctions.
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...
Ukraine Air Force spokesperson has made a shocking admission about West-supplied weapons amid Russia's war. Yuri Ignat claimed that Russia knows where Ukraine hides its weapons. He said that..
World Economic Forum (WEF) President Borge Brende expressed concern over the recurrent attacks on merchant ships by Yemen's Houthi rebels in the Red Sea. These attacks, he warns, could lead to a..
Russia continued to pound Ukraine even on the eve of Orthodox Christmas. Two people were killed in Kherson reportedly due to Russian shelling, while missile and drone strikes caused power outages in..
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
Thursday, 4 January 2024
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