Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Which countries are taking advantage of discounted Russian oil?

Published

3 years ago

on

India is taking advantage of discounted Russian oil.

Russia is seeking new markets for its oil exports as Western sanctions tighten, and India has answered the Kremlin’s calls.

The nation is now ramping up imports from the country.

Russia’s President Vladimir Putin shakes hands with India’s Prime Minister Narendra Modi ahead of their meeting at Hyderabad House in New Delhi, India, December 6, 2021. REUTERS/Adnan Abidi – RC209R9SCYIG

Meanwhile, the US says that although these oil imports do not violate sanctions, supporting Russia during this time is seen as supporting its Invasion of Ukraine.

There are also growing concerns among Western leaders that China may do the same.

China is already the largest single buyer of Russian oil, and is also widely expected to buy more oil from Russia at deep discounts.

Consumers have been warned to expect higher crude prices to come.

Related Topics:

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Continue Reading

Money

Biden is “discussing” support for Israel over Iran oil strike

Published

3 days ago

on

October 4, 2024

By

The Biden administration believes it’s still “appropriate” for Israel to continue its ground and air attacks on Hezbollah.

The Middle East is a tinder box as Israel retaliates to Iran’s bombing earlier this week as well as fighting Hamas, Hezbollah and the Houthis in Gaza, Lebanon and Yemen. But what are the economic and geo-political implications? #featured #trending

Continue Reading

Money

Defence shares rise to record high following Middle East attacks

Published

5 days ago

on

October 2, 2024

By

Stocks retreated Tuesday, with rising tensions in the Middle East cooling investor momentum after a strong quarter.

Oil prices eased and stocks recovered some ground after initial reports, as hopes grew that damage from the attack and any Israeli response would remain limited.

This market drop underscores the delicate balance between geopolitical risk and economic optimism. #featured #trending

Continue Reading

Leaders

U.S. Feds in no ‘hurry’ to cut rates as confidence in economy grows

Published

6 days ago

on

October 1, 2024

By

Fed Reserve Chair Jerome Powell indicated the U.S. central bank was not “in a hurry” after new data boosted confidence in ongoing economic growth and consumer spending.

Fed Chair Jerome Powell says “disinflation has been broad-based,” and recent data suggests progress towards the Fed’s 2% inflation target.

Powell says the Fed is not rushing to lower rates but will make decisions based on how the economy evolves.

When asked about rate cuts, Powell says it’s a process that will “play out over time,” signalling a steady but cautious approach. #featured #trending

Continue Reading

Trending Now