The United States has clarified its position on India’s purchases of Russian oil, stating they don’t object to India buying discounted Russian crude, as long as Western shipping and financial services aren’t used. This approach aims to limit Russia’s revenue from oil sales without disrupting the global oil supply.
Global Economy
-
-
Oil prices took a breather on Friday, ending the week virtually unchanged. While hopes for a ceasefire in Gaza offered a welcome respite, the ongoing war in Ukraine continues to cast a long shadow over the global energy market.