{"id":407568,"date":"2021-03-27T11:01:55","date_gmt":"2021-03-27T05:31:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=407568"},"modified":"2021-03-27T11:56:24","modified_gmt":"2021-03-27T06:26:24","slug":"explained-why-indias-crude-oil-price-could-rise-following-blockage-of-suez-canal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/explained-why-indias-crude-oil-price-could-rise-following-blockage-of-suez-canal\/","title":{"rendered":"Explained: Why India\u2019s crude oil price could rise following blockage of Suez Canal"},"content":{"rendered":"<p>As the prospect of the blockage of the Suez Canal turning into the longest-ever accidental closure of this vital trade passage looms large, the resultant impact on crude and tanker rates could progressively show up in the form of higher crude prices. This could eventually trickle down in retail price terms. <\/p>\n<p>India \u2013 the biggest importer via Suez Canal <\/p>\n<p>India is the top importer of crude oil and products via the Suez Canal, higher than China, South Korea or Singapore, according to data from Vortexa, an oil and gas analytics platform. And more than two-thirds of India\u2019s crude comes from the Gulf region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the prospect of the blockage of the Suez Canal turning into the longest-ever accidental closure of this vital trade passage looms large, the resultant impact on crude and tanker rates could progressively show up in the form of higher crude prices. This could eventually trickle down in retail price terms. India \u2013 the biggest importer via Suez Canal India is the top importer of crude oil and products via the Suez Canal, higher than China, South Korea or Singapore, according to data from Vortexa, an oil and gas analytics platform. And more than two-thirds of India\u2019s crude comes from [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-407568","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407568","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=407568"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407568\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=407568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=407568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=407568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}