India sees Russian oil imports ebbing as rival suppliers step up

Credit: IndiaTimes- Published on September 1, 2023
India’s splurge on cheap Russian crude may be over, as New Delhi’s traditional suppliers in the Middle East step back in with attractive conditions.“Our dependence on Russian oil is going to decrease sharply,” oil minister Hardeep Puri said in an interview. “The cost viability from the Gulf is much more attractive...

Video credit: Wibbitz Top Stories
Published on September 1, 2023 -  01:31
Russia and Turkey Set for Negotiations to Resume Ukraine Grain Deal
Russia and Turkey Set , for Negotiations to Resume , Ukraine Grain Deal. Next week, Russian President Vladimir Putin is scheduled to host Turkish leader Recep Tayyip Erdogan for negotiations to allow Ukrainian grain to reach world markets. Next week, Russian President Vladimir Putin is scheduled to host Turkish leader Recep Tayyip Erdogan for negotiations to allow Ukrainian grain to reach world markets. Associated Press reports that the news comes just over six weeks after a deal was brokered between Moscow and the United Nations. . Associated Press reports that the news comes just over six weeks after a deal was brokered between Moscow and the United Nations. . The deal, brokered by Turkey, allowed shipments of grain from Ukraine to safely reach global markets amid Russia's ongoing invasion. . According to Kremlin spokesman Dmitry Peskov, the two leaders are scheduled to meet in Russia's Black Sea resort of Sochi on September 4. According to Kremlin spokesman Dmitry Peskov, the two leaders are scheduled to meet in Russia's Black Sea resort of Sochi on September 4. AP reports that the announcement ends weeks of speculation as to the next step in international efforts to repair the Black Sea Grain Initiative. The initiative was aimed as sending much- needed food to Africa, the Middle East and Asia where hunger is an increasing threat. . The initiative was aimed as sending much- needed food to Africa, the Middle East and Asia where hunger is an increasing threat. . Both Russia and Ukraine are major suppliers of the world's wheat, barley, sunflower oil and other food products that are crucial in developing nations. Both Russia and Ukraine are major suppliers of the world's wheat, barley, sunflower oil and other food products that are crucial in developing nations. In July of 2022, Turkey brokered a deal for shipments to resume from three Black Sea ports. . In July of 2022, Turkey brokered a deal for shipments to resume from three Black Sea ports. . While the initiative was in effect, nearly 33,000 tons of grain were shipped out of Ukraine. While the initiative was in effect, nearly 33,000 tons of grain were shipped out of Ukraine. AP reports that Turkey serves as both a main trading partner of Russia and a logistical hub for Moscow’s foreign trade amid strict Western sanctions

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