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Oil imports from Russia up nearly 3-fold | Mint Primer | Mint

Crude oil imports from Russia to India have nearly tripled in Q1 of this fiscal year compared to the same period last year, totaling $12.36 billion. This rise coincides with a decline in oil imports from West Asian countries. The increase is due to Russia's discounted oil offers amid Western sanctions, leading India to boost imports from Russia. Despite recent production cuts by Russia, the imports continue to rise. However, the impact on India's overall import cost is yet to be seen due to calculation methods. This shift reflects changing global energy dynamics influenced by geopolitical tensions and market fluctuations.

1 Sep 2023
Videos

A Crude End To India's Russian Oil Party?; Talks To Iraq Amid Falling Discounts | Watch

India invited the West’s anger over Russian oil. But buying discounted Russian oil was in India’s interest, so the Modi government stood its ground and bought shipload after shipload of Russian Ural grade oil. It was a win for Russia too which found a buyer with an unlimited appetite, so it didn't really mind the discounts But That has changed. Deep discounts on Russian crude which were to the tune of $30 per barrel at one point have come down to just 4$. What will India do now? Watch the video to find out.

19 Jul 2023
Videos

Discount On Russian Crude Shrinks To $4; Did India Make A Mistake While Negotiating? | Explained

The party for Russian crude importers is probably getting over, as in the last few months, steep discounts which India has enjoyed so far have come crashing down. Additionally, shipping rates shipping entities are charging India continue to remain higher than normal. But if Indian Russian crude importers hadn’t made this one mistake India could still be enjoying heavy discounts. What mistake did Indian importers make? Watch the full video to find out.

10 Jul 2023
Videos

Russian instability need not inspire an oil rethink | Mint Primer | Mint

Discover the implications of Russia's shift in crude oil trade towards India and China after its invasion of Ukraine. While recent events in Russia have raised questions about the reliability of its oil exports, the global oil market remains stable. India's reliance on Russian oil has been economically advantageous, but the potential for regime change in Moscow could disrupt bilateral trade ties. This video explores the strategic considerations and potential consequences of maintaining or re-evaluating India's oil strategy with Russia.

10 Jul 2023
Videos

India, China Snap Up Cheap Russia Crude; Redraw World Oil Map | Details

India & China snapped up 80% of Russian crude exports in May. And if that’s hard to believe consider this, Russia managed to break records with their seaborne crude exports in May despite all the sanctions.Russia is now supplying 45% of India's and 20% of China's crude imports. The international energy agency forsees a further increase in the demand of Russian crude by India and China.

16 Jun 2023
Videos

Russia oil discount to India shrinks as China sucks supply Back | Mint Primer | Mint

As Russia scrambled for buyers after its invasion of Ukraine sparked Western sanctions, India stepped up as a new major buyer, securing discounts of as much as $15-20 a barrel. This has since fallen below $10 and has touched even $5. The steep discounts India enjoyed on Russian crude oil through most of FY23 have plunged, two government officials aware of the development said, as China boosted purchases and oil producers cut production.

10 May 2023
Videos

How India can minimise the damage from OPEC+ production cuts | Mint Primer | Mint

In this video, we will explore the potential impact of this decision on developing countries, specifically India, and the steps that can be taken to mitigate its effects. #petroleum #fiscaldeficit #oilprice #crudeoil #crudeoilnews #russianoil #opec #mint Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg

7 May 2023
Auto News

Discounts on Renault Triber, Kwid, Kiger in December: Details on deals and offer

customers can avail heavy discounts up to ₹60,000 on Renault Triber MPV, Kwid hatchback and its Kiger SUV. Moreover, the automaker has offered benefits under the Relive scrappage scheme as well.

1 min read4 Dec 2022
Money

Developers roll out discounts ahead of festive season. Should you go for them?

Real estate sales generally pick up during the festive season, as many people plan their purchase during this time of the year.

2 min read4 Sep 2020
News

Movie theatres hope for September reopening; prepare with discounts

First among the strategies to woo audiences back to theatres will be discounts ranging between 15% and 20%Multiplexes are to lay out offers such as movie tickets free of cost to frontline covid workers and also one free ticket on the next visit for someone who buys two tickets, among other things

2 min read24 Aug 2020
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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