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Indian refiners jumping at chance: How Ukraine attacks on Russia’s refineries are indirectly benefiting India’s crude buys – explained

The US has responded to India’s continued purchase of discounted Russian oil by imposing tariffs on Indian goods. (AI image) Hit by Ukraine’s drone attacks, Russia’s oil refineries are reeling – but India has turned this crisis in Russia into an opportunity. The substantial price difference between Russian and Middle Eastern oil has attracted Indian…

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Market watch: Asian stocks steady ahead of Fed decision; oil holds firm after Ukraine strikes Russian refineries

File photo (Picture credit: AFP) Asian equities were mixed on Monday as investors braced for an expected interest rate cut by the US Federal Reserve later this week, while oil prices held steady after Ukrainian drone strikes on Russian refineries raised concerns about supply disruptions.Markets have rallied in recent weeks on signs of cooling US…

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