Saturday, August 15
India’s buying of Russian crude is likely to stabilize or even decline this month, leaving more cargoes from the OPEC+ producer stranded and pushing the world’s third-largest oil importer to look to pricier alternatives.Ship-tracking data and people familiar with the matter point to a dip that would come after imports fell in December to a three-year low. That was a third below their peak in June.The Trump administration has attacked India for months over purchases of oil that Washington says are supporting President Vladimir Putin’s war in Ukraine, and ultimately imposed punitive 50% tariffs. Trade talks between the two sides have yet to result in a deal, and the US is now considering a sanctions bill that would slap penalties on countries buying Russian hydrocarbons.That pressure h
Air India and IndiGo dodged Iranian airspace Thursday, show flight tracking websites, instead opting for routes over Afghanistan and a thin strip over the eastern side of Iran near the Iraq border, to mitigate risks associated with the geopolitical turmoil in Iran and the Middle East.Iran closed and then reopened its airspace Wednesday amid concerns about possible military action between the US and Iran. This forced airlines to cancel, reroute or delay flights.Air India cancelled some flights to and from the US. IndiGo, cancelled its flight to Baku, Azerbaijan.People aware of the development said from Friday, IndiGo may do a fuel stop at Doha for its flights to Central Asia like Almaty and Baku since they will be taking a longer route. 126551772 While some domestic flights resumed flying o
