Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: India benefits from declining global oil prices despite geopolitical tensions ...
India benefits from declining global oil prices despite geopolitical tensions
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#12d86ea3 ver:2.27
Despite geopolitical tensions, declining global oil prices have benefited India. The country, which imports 85% of its crude oil, has seen its import bill reduced and its rupee strengthened. India has been able to purchase discounted Russian oil, making Russia its largest supplier and saving $7.9 billion in the oil import bill. This strategy has helped lower the country's current account deficit. #India #oilprices #geopolitics...
#newstr #India #OilPrices #GeopoliticalTensions #Russia #Iraq #SaudiArabia
https://here.news/story/12d86ea3?ver=2.27
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#12d86ea3 ver:2.27
Despite geopolitical tensions, declining global oil prices have benefited India. The country, which imports 85% of its crude oil, has seen its import bill reduced and its rupee strengthened. India has been able to purchase discounted Russian oil, making Russia its largest supplier and saving $7.9 billion in the oil import bill. This strategy has helped lower the country's current account deficit. #India #oilprices #geopolitics...
#newstr #India #OilPrices #GeopoliticalTensions #Russia #Iraq #SaudiArabia
https://here.news/story/12d86ea3?ver=2.27