{"id":570004,"date":"2023-04-17T10:34:08","date_gmt":"2023-04-17T05:04:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=570004"},"modified":"2023-04-17T10:34:08","modified_gmt":"2023-04-17T05:04:08","slug":"russian-oil-to-india-may-be-hit-by-opec-drive-for-higher-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/russian-oil-to-india-may-be-hit-by-opec-drive-for-higher-prices\/","title":{"rendered":"Russian oil to India may be hit by OPEC+ drive for higher prices"},"content":{"rendered":"<p>The drive by OPEC and its allies to boost oil prices is lifting Russian crude along with it, prompting concerns from India\u2019s banks that cargoes could breach the $60-a-barrel cap.<\/p>\n<p>State Bank of India and Bank of Baroda informed refiners they will not handle payments for oil bought above the limit, said a refinery executive involved in seeking financing for the company\u2019s Russian oil purchases, who asked not to be identified as he isn\u2019t authorized to speak publicly. Banks in the South Asian nation are keeping a closer watch on prices at loading ports, before shipping and logistics costs are added, executives said.<\/p>\n<p>Spokespeople at State Bank of India and Bank of Baroda didn\u2019t immediately respond to requests for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The drive by OPEC and its allies to boost oil prices is lifting Russian crude along with it, prompting concerns from India\u2019s banks that cargoes could breach the $60-a-barrel cap. State Bank of India and Bank of Baroda informed refiners they will not handle payments for oil bought above the limit, said a refinery executive involved in seeking financing for the company\u2019s Russian oil purchases, who asked not to be identified as he isn\u2019t authorized to speak publicly. Banks in the South Asian nation are keeping a closer watch on prices at loading ports, before shipping and logistics costs are [&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-570004","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\/570004","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=570004"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/570004\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=570004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=570004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=570004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}