{"id":570002,"date":"2023-04-17T10:33:18","date_gmt":"2023-04-17T05:03:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=570002"},"modified":"2023-04-17T10:33:18","modified_gmt":"2023-04-17T05:03:18","slug":"india-could-buy-russian-oil-past-cap-if-opec-cuts-boost-costs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-could-buy-russian-oil-past-cap-if-opec-cuts-boost-costs\/","title":{"rendered":"India could buy Russian oil past cap if OPEC+ cuts boost costs"},"content":{"rendered":"<p>India will explore buying Russian crude oil near or past the price cap imposed by the G-7 as it navigates external risks it sees as the biggest economic threat.<\/p>\n<p>\u201cYes, because otherwise I\u2019ll end up paying far more than what I can afford,\u201d finance minister Nirmala Sitharaman said in an interview Saturday in Washington, when asked if India would continue importing Russian oil beyond the $60-a-barrel price cap. \u201cWe have a large population and we also therefore have to look at prices which are going to be affordable for us.\u201d<\/p>\n<p>The stance underscores the pressing need in the country of 1.4 billion people to curb inflation and spur growth amid a surprise output cut by OPEC+ and western sanctions to rein in Russia\u2019s oil revenue following the invasion of Ukraine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India will explore buying Russian crude oil near or past the price cap imposed by the G-7 as it navigates external risks it sees as the biggest economic threat. \u201cYes, because otherwise I\u2019ll end up paying far more than what I can afford,\u201d finance minister Nirmala Sitharaman said in an interview Saturday in Washington, when asked if India would continue importing Russian oil beyond the $60-a-barrel price cap. \u201cWe have a large population and we also therefore have to look at prices which are going to be affordable for us.\u201d The stance underscores the pressing need in the country of [&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-570002","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\/570002","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=570002"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/570002\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=570002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=570002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=570002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}