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
Barrack: We call upon Druze, Bedouins, and Sunnis to put down their weapons and together with other minorities build a new and united Syrian identity building peace and prosperity with their neighbors
US Special Envoy to Syria Tom Barrack: Israeli Prime Minister Benjamin Netanyahu and Syrian President Ahmad al-Sharaa supported by the US have agreed to a ceasefire embraced by Türkiye, Jordan, and their neighbors
YAF spokesperson Brigadier General Yahya Saree: We carried out a top-tier operation targeting Ben Gurion Airport in Lydd with a Palestine 2 hypersonic ballistic missile
Israeli media: Israelis in the Gush Dan area and al-Quds were asked to enter shelters immediately
Sirens sound in Tel Aviv and occupied al-Quds after a missile was launched from Yemen
Sheikh Qassem: We are ready to defend ourselves if 'Israel' attacks us in a way that we believe calls for us to defend ourselves
Sheikh Qassem: "Israel" will never be handed over our weapons
Sheikh Qassem: He who refuses so and accepts humiliation, that is their own business, but for us, we will not accept humiliation. We have made great sacrifices, and our strength has helped us achieve this result
Sheikh Qassem: Be patient with the issue of exclusivity of arms with the state in the face of the great danger that will not spare Lebanon; let us speak with one voice and work for the sake of priority
Sheikh Qassem: Lebanon faces three real dangers: 'Israel', ISIS tools on the eastern border, and US tyranny

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

Algerian nurse stabbed in Germany

Murder of Algerian nurse in Germany sparks outcry, demands for justice

  • Europe
  • 14 Jul 2025
Credible reports, including some from Israeli media itself, indicate that Tel Aviv had pinned its hopes on what can only be described as a delusional plan. (Al Mayadeen English; Illustrated by Batoul Chamas)

Jebraily: Iran strikes rewrote regional deterrence rules - Exclusive

  • MENA
  • 15 Jul 2025
Al-Qassam Brigades fighters confront Israeli soldiers in Beit Lahia, northern Gaza, undated (Al-Qassam Brigades Military Media)

3 Israeli soldiers killed amid Gaza battles: Israeli media

  • Palestine
  • 14 Jul 2025
Al Mayadeen: UN Palestine Inquiry members reportedly resigned

Exclusive: UN Palestine Inquiry members reportedly resigned

  • Politics
  • 15 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The US Capitol, Wednesday, July 16, 2025, in Washington (AP)
Politics

Congress set to weaken oversight on foreign US arms sales

Only quarter of Americans say Trump policies helped them: Poll
US & Canada

Only quarter of Americans say Trump policies helped them: Poll

UK charities fund Israeli settlement expansion in occupied West Bank
Palestine

UK charities fund Israeli settlement expansion in occupied West Bank

Calls grow to remove Netanyahu from High School hall of fame
Politics

Calls grow to remove Netanyahu from high school Hall of Fame

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