|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20.04.26 - 04:51
|
Washington′s Renewed Russian Oil Sanctions Waiver Will Help Their Shared Indian Partner (ZeroHedge)
|
|
|
Washington's Renewed Russian Oil Sanctions Waiver Will Help Their Shared Indian Partner
Authored by Andrew Korybko,
Both benefit from this since the US wants to avoid India sliding into turmoil amidst the global energy crisis and possibly offsetting its envisaged role as a counterweight of sorts to China while more energy revenue from India preemptively averts Russia's potentially disproportionate dependence on China.
The Treasury Department renewed the US' Russian oil sanctions waiver on Friday two days after Secretary Scott Bessent said that this wouldn't happen.
It remains unclear what exactly accounts for this flip-flop, but it's possible that Trump 2.0 concluded that a deal with Iran might not be reached as soon as some optimists expected, so it's better to keep Russian oil on the global market for another month to maintain global economic stability. Russia and the US' shared Indian partner gains the most from this.
The IMF recently assessed that India will remain the world'...
|
|
|
|
|
|
|
|
|
18.04.26 - 07:42
|
US extends sanction waiver on Russian oil again — How will it impact India? (Times of India)
|
|
|
The US has extended a sanctions waiver on Russian oil purchases, offering temporary relief for countries importing crude. This move allows for continued procurement of Russian oil, particularly beneficial for India which relies heavily on imports and has increased its intake amid Middle East supply pressures. The waiver provides a crucial window for India to secure energy needs....
|
|
|
|
|
17.04.26 - 16:42
|
From Hormuz to household finance: How global oil shocks can filter into Indian homes (Times of India)
|
|
|
Global oil markets face turmoil due to the Iran-US conflict and Strait of Hormuz disruptions. India, heavily reliant on oil imports, feels the pinch through rising inflation and borrowing costs. The Reserve Bank of India monitors the situation, opting for stability over aggressive action. Households may experience a gradual tightening of budgets as costs rise and monetary easing is delayed....
|
|
|
17.04.26 - 05:04
|
India′s Central Bank Tells Oil Refiners To Stop Buying Dollars On Spot Market (ZeroHedge)
|
|
|
India's Central Bank Tells Oil Refiners To Stop Buying Dollars On Spot Market
By Julianne Geiger of OilPrice.com
India's central bank has told state-run oil refiners to stop buying dollars in the spot market and instead use a government-backed credit line.
That matters because oil is priced in dollars, and refiners are some of the biggest buyers of dollars in the country. When they all go into the market at once to pay for crude, it puts direct pressure on the rupee. That pressure has been building for weeks.
The Reserve Bank of India is now stepping in to manage the demand.
State refiners, including Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation, have been asked to draw dollars through a special credit facility routed via State Bank of India. Together, these companies account for about half of India's 5.2 million barrels per day of refining capacity.
Instead of going into the open market to buy dollars on the spot—meaning immediate purchase at c...
|
|
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
