{"id":500275,"date":"2022-06-23T11:27:14","date_gmt":"2022-06-23T05:57:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=500275"},"modified":"2022-06-23T11:27:14","modified_gmt":"2022-06-23T05:57:14","slug":"china-india-may-be-buying-more-russia-oil-than-known-us-says","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/china-india-may-be-buying-more-russia-oil-than-known-us-says\/","title":{"rendered":"China, India may be buying more Russia oil than known, US says"},"content":{"rendered":"<p>WASHINGTON: China and India may be buying more Russian oil than the US previously believed, easing a supply crunch in global markets and potentially driving a recent price decline, one of President Joe Biden\u2019s economic advisers said.<br \/>\nThe price of West Texas Intermediate crude has fallen to just over $105 from more than $122 earlier this month &#8212; raising hopes that pressures may ease at the gas pump.<br \/>\n&#8220;Right now, in particular, oil markets are rather volatile,&#8221; Cecilia Rouse, chair of Biden\u2019s Council of Economic Advisers, said Wednesday in an interview with Bloomberg Television. &#8220;I\u2019ve heard part of the explanation is that China and India are actually purchasing more of Russian oil than maybe we believe, so that there\u2019s more supply on the market.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON: China and India may be buying more Russian oil than the US previously believed, easing a supply crunch in global markets and potentially driving a recent price decline, one of President Joe Biden\u2019s economic advisers said. The price of West Texas Intermediate crude has fallen to just over $105 from more than $122 earlier this month &#8212; raising hopes that pressures may ease at the gas pump. &#8220;Right now, in particular, oil markets are rather volatile,&#8221; Cecilia Rouse, chair of Biden\u2019s Council of Economic Advisers, said Wednesday in an interview with Bloomberg Television. &#8220;I\u2019ve heard part of the explanation [&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":[130,219,137],"tags":[],"class_list":["post-500275","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/500275","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=500275"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/500275\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=500275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=500275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=500275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}