{"id":641858,"date":"2024-04-20T09:32:30","date_gmt":"2024-04-20T04:02:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=641858"},"modified":"2024-04-20T10:20:17","modified_gmt":"2024-04-20T04:50:17","slug":"russia-squeezes-mideast-opec-shares-in-indias-oil-mkt-to-historic-lows-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/russia-squeezes-mideast-opec-shares-in-indias-oil-mkt-to-historic-lows-2\/","title":{"rendered":"Russia squeezes Mideast, OPEC shares in India&#8217;s oil mkt to historic lows"},"content":{"rendered":"<p>Russia became the top oil supplier to India during the fiscal year 2023\/24 for a second year in a row, squeezing the market share of Middle Eastern and OPEC producers to historic lows, ship tracking data from industry sources showed. <\/p>\n<p>New Delhi has been gorging on Russian oil sold at a discount after Western nations shunned purchases and imposed sanctions on Moscow over its invasion of Ukraine. As a result Russia is now the top supplier to the world&#8217;s third-largest oil importer. <\/p>\n<p>India has continued to buy Russian oil despite problems posed by a raft of sanctions aimed at reducing Moscow&#8217;s oil revenue to fund the war.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia became the top oil supplier to India during the fiscal year 2023\/24 for a second year in a row, squeezing the market share of Middle Eastern and OPEC producers to historic lows, ship tracking data from industry sources showed. New Delhi has been gorging on Russian oil sold at a discount after Western nations shunned purchases and imposed sanctions on Moscow over its invasion of Ukraine. As a result Russia is now the top supplier to the world&#8217;s third-largest oil importer. India has continued to buy Russian oil despite problems posed by a raft of sanctions aimed at reducing [&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":[135,130,169],"tags":[],"class_list":["post-641858","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/641858","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=641858"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/641858\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=641858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=641858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=641858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}