India Buys US LPG: Putin Links Price to Russian Oil
News Context
At a glance
- The price of crude oil is currently around $60 a barrel, wiht projections reaching $64.
- For more data on Business, Economy, Stock Market, Personal Finance, Commodity, and Socartday, visit: https://www.manoramaonline.com/business.html
The price of crude oil is currently around $60 a barrel, wiht projections reaching $64. Experts advise India to aim for a price range of $60-65 per barrel, as this would provide a discount of $4-4.5 per barrel. Given that India imports 85-90% of its crude oil, fluctuations in global prices substantially impact the nation’s economy. Rising crude prices pose a serious threat, and India’s reliance on cheaper Russian oil offers a crucial buffer.
For more data on Business, Economy, Stock Market, Personal Finance, Commodity, and Socartday, visit: https://www.manoramaonline.com/business.html