Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: Israeli occupation forces bombing the Gaza Strip
Al Mayadeen's correspondent: Ceasefire in Gaza takes effect
The Kremlin: Negotiations toward a settlement in Ukraine are currently at a complete standstill
Abu Mujahid: The steadfastness of the Palestinian people and the Resistance thwarted the displacement plan and allowed us to secure the best possible terms in an agreement to halt the genocidal war
Abu Mujahid: We salute whosoever made sacrifices in support of the Palestinian people, foremost among them the martyred Sayyed Nasrallah and Sayyed Safieddine, as well as the people of Yemen and Iran
Abu Mujahid, head of the media office of the Popular Resistance Committees, to Al Mayadeen: The people of Gaza have sacrificed and given their most precious offerings for the Al-Aqsa Flood
Al Mayadeen's correspondent in Gaza: Israeli artillery shelling targeted Khan Younis and the al-Bureij and al-Maghazi refugee camps
Captives may be released as early as Saturday and by Monday at the latest: Source briefed on the details of the agreement.
Netanyahu set to convene security cabinet at 1500 (1200GMT) and government at 1600 (1300GMT) to approve the deal: Source briefed on the details of the agreement
Within the first 24 hours, the Israeli military will complete the first phase of partial withdrawal: Source briefed on the details of the agreement

Price cap troubled as Russia heads to becoming India’s No. 1 supplier

  • By Al Mayadeen English
  • Source: The Independent
  • 8 Dec 2022 21:16
2 Min Read

The price cap imposed by G7 countries and their Western allies is likely to be dealt a mighty blow as Russia heads toward becoming India’s top supplier.

  • x
  • India and Russia continue cooperation despite US pressure (India Briefing)
    India and Russia continue cooperation despite US pressure (India Briefing)

Russia is on the course of becoming India’s top oil supplier this month as Moscow made quite an advance in the Asian giant’s energy sector, in a move that will likely hinder the impact of a price cap imposed by G7 countries and their Western allies, an article by The Independent revealed.

Data retrieved from the commodities tracking firm Kpler revealed that Russian India-bound crude oil loadings hit their peak in November as refiners purchased more than 1 million barrels per day (bpd), as reported by The Independent.

Preliminary data obtained by the online newspaper further revealed that Russia’s India-bound oil exports skyrocketed to 902,000 bpd by October and hit a record high of around more than 1 million bpd in November going from almost zero in January and February this year.

“This will likely result in Russia being India’s number one supplier in December,” Matt Smith, lead oil analyst at Kpler, told The Independent, resulting in a first by surpassing Saudi Arabia and Iraq. 

Related News

G7 calls on Iran against uranium enrichment

UK living standards squeezed despite leading G7 growth

A few days ago, Indian Oil Minister Hardeep Puri said his country was not concerned about the price cap imposed by the European Union on Russian oil, stressing Delhi's intention to "continue buying crude from Moscow at the present time."

India has defended its continued purchases of Russian oil, saying it is part of a long-term bid to diversify its supplies and arguing that an abrupt halt to imports would send global prices up the roof and negatively impact domestic consumers.

On November 11, US Treasury Secretary Janet Yellen claimed prior to her visit to India that the US hopes India will benefit from the price cap on Russian oil as it already stands to take advantage of it.

The remarks were delivered in light of the G7's recent decision to cap the prices of Russian oil in an effort to prevent Russia from profiteering from its oil revenues. 

Read more: Russia debates retaliation options over oil price cap decision

  • G7
  • Russia
  • India
  • Oil Production
  • Oil prices
  • Price cap

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025
The Palestinian resistance and the people of Gaza showed that after combating Israeli aggression for two years, they remain victorious in the face of oppression (Mahdi Rteil/Al Mayadeen English)

Al-Aqsa Flood two years on, a tale of victory

  • Politics
  • 6 Oct 2025

Coverage

All
War on Gaza

Read Next

All
An Israeli armored vehicle moves on a street of a local market during a military raid in the West Bank refugee camp of Balata, Wednesday, October 8, 2025 (AP)
Politics

Israeli settlers kill Palestinian youth near Ramallah amid raids

Russian Foreign Minister Sergey Lavrov speaks during the Moscow format consultations on Afghanistan in Moscow, Russia, Tuesday, Oct. 7, 2025 (AP)
Politics

Iran interested in resuming nuclear talks: Lavrov

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a news conference at the International Monetary Fund (IMF) headquarters in Washington, April 25, 2025 (AP)
Politics

IMF head flags US budget, Europe Defense spending challenges

Prime Minister of Italy Giorgia Meloni addresses the 80th session of the United Nations General Assembly, Wednesday, Sept. 24, 2025, at UN headquarters (AP)
Politics

Meloni faces ICC complaint over Gaza genocide complicity with Israelis

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS