Tag: india oil

Explained | What impact will the G7’s price cap on Russian oil have on markets?

Explained | What impact will the G7’s $60 price cap on Russian oil have on markets?

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An aerial view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia on August 12, 2022. | Photo Credit: REUTERS The story so far: On December 3, the Group of Seven (G7) nations and Australia said a consensus had been reached on a $60 price […]

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BPCL signs pact with Brazilis Petrobras to diversify crude oil sourcing

BPCL signs pact with Brazilis Petrobras to diversify crude oil sourcing

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BPCL, which gets majority of its supplies from west Asian nations such as Iraq and Saudi Arabia, is looking to diversify its sources of supply BPCL, which gets majority of its supplies from west Asian nations such as Iraq and Saudi Arabia, is looking to diversify its sources of supply State-owned Bharat Petroleum Corporation Ltd […]

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