Russia Is Intent On Defending Its Oil Market Share In India
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Russia has become the single biggest crude supplier to India over the past year as the world's third-largest oil importer snaps up discounted Russian oil banned in the West. Russia has been redirecting most of its crude oil exports to China and India since the EU and the G7 announced plans to embargo seaborne oil imports from Russia and set a price cap on the crude if it is to be shipped to third countries using Western tankers and insurers. China's reopening is set to lead to a jump in oil demand in the world's…
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