{"id":405290,"date":"2021-03-17T10:21:48","date_gmt":"2021-03-17T04:51:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=405290"},"modified":"2021-03-17T10:21:48","modified_gmt":"2021-03-17T04:51:48","slug":"india-russia-explore-ways-to-tide-over-oil-price-volatility","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-russia-explore-ways-to-tide-over-oil-price-volatility\/","title":{"rendered":"India, Russia explore ways to tide over oil price volatility"},"content":{"rendered":"<p>India, the world\u2019s third largest oil importer, is leaning on its old energy partner Russia to buffer its consumers from a sharp spike in crude oil prices. As part of a new playbook, the two countries are exploring ways to protect both the buyer and the seller from sharp swings in prices, according to a top Indian government official.<\/p>\n<p>India is also eyeing more long-term crude oil contracts from Russia, with the two countries working on a multi-pronged approach that involves energy sourcing and supplies, upstream investments in Russia and India, and joint collaboration in petrochemicals.<\/p>\n<p>With India recalibrating its crude sourcing strategy, the playbook may have a major bearing on the global energy architecture and help the country land better terms while negotiating crude oil purchases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India, the world\u2019s third largest oil importer, is leaning on its old energy partner Russia to buffer its consumers from a sharp spike in crude oil prices. As part of a new playbook, the two countries are exploring ways to protect both the buyer and the seller from sharp swings in prices, according to a top Indian government official. India is also eyeing more long-term crude oil contracts from Russia, with the two countries working on a multi-pronged approach that involves energy sourcing and supplies, upstream investments in Russia and India, and joint collaboration in petrochemicals. With India recalibrating its [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-405290","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=405290"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405290\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}