India turns to Canada for discounted crude oil as West tightens sanctions on Russia
Indian refineries are taking advantage of the sharply discounted prices of Canadian oil. As per reports, a total of 3.3 million barrels of Access Western Blend, a crude grade produced Canada is scheduled to arrive in India next month. Even though Russia is not a major oil supplier to India, it has become our third largest supplier in the face of rising prices after the Ukraine war. At the same time, India is not interested in joining U.S led global initiative to put a price cap on Russian oil. When asked, Oil Minister Hardeep Singh Puri said that India will examine the proposal by the west.
印度炼油厂正在利用加拿大石油大幅降价的机会。据报道，总计330万桶Access Western Blend（加拿大的一种原油等级）定于下个月运抵印度。尽管俄罗斯不是印度的主要石油供应国，但在乌克兰战争后油价上涨的情况下，俄罗斯已成为印度的第三大石油供应国。与此同时，印度对加入美国主导的对俄罗斯石油设置价格上限的全球倡议不感兴趣。当被问及时，印度石油部长Hardeep Singh Puri表示，印度将探讨西方的提议。
I am really happy about India's stand on Geopolitics right now. Happy that India has able ppl taking care of its interests well
Do what is best for business. Do what is best for our country
as said, "we are not buying 'Russian oil', we send our buyers out to buy the best possible oil, and its obvious we'll take the deal that is profitable to our citizens "
India: self interest is priority
This this is not call advantage it's called opportunity for the benefit of Indians
Hindustan is roaring in all directions and playing geopolitics very smartly
Only self interest matters
This rule apply everywhere.
But I against this rule
NOW PAK BE LIKE : TIME TO BEG TO CANADA FOR OIL TOO
Great job by Indian government
Hope Westeners stop abusing Indians at least in this space. Prayers for peace
Proud to be an Indian by the leadership of Mr Modi and his diplomatic teams
Opec+ said they will cut oil production by 2 million barrels from November 1 and this increased the crude oil prices. Wonder how much prices will rise in November
Now this is business
Canadian oil will have to be shipped halfway around the world, and they'll probably attach strings as all Western countries do. Russia and the Middle East are still a lot closer, and a lot more trustworthy to respect India's sovereignty and stay out of India's internal affairs. But still, India will get oil from whoever. Just be aware that any business with the West comes with strings, and can be curtailed at any time.
India govt is playing well. we will buy your oil if you provide it in discounted price, no matter where it belongs to.
72 Virgin Goats
India and Canada,., friends forever!!
We need to either find oil in Indian Ocean somewhere..
excellent move, this will validate our stand that we being a $ 2 k per capita economy have to buy cheapest energy avilable anywhere in the world. We have no other objective other than this, if you don't want us to buy from russia make it available at cheap prices yourself.
Kee in mind India's interest our leaders doing fab job. Had it been the corrupt Congress we would be in huge mess rn!
The era of energy and technology resources
Glad India is able to find this cheaper oil and take advantage of the lower prices. It would have helped to also learn why the demand in the US Midwest is occurring. Just today President Biden ordered emergency release of oil from the reserves to combat higher prices at the pump. But there is no indication of a lowered demand anywhere in the US
Europe, whenever it sees gas - ME ME ME, I'LL PAY 3 TIMES THE COST
India, whenever it sees discounted oil - ME ME ME, ALL MINE
It seems that our leaders can do anything even if begging or going against the whole world to get crude oil at cheaper prices for people like us and sustain the economic growth of our country....if it was the time of manmohan singh then he would be buying oil from Arabian countries at high rates and following orders from USA....
If people hate you,
it means you're doing something.
People don't hate people who do nothing.
Be proud you're apart of the minority who actually do things instead of talking about them, and keep taking action.
INDIA should also buy some Oil wells in Canada and smaller Nations majorly.
Once oil gets scarce all will end up nationalising it for domestic needs.
Nation before all, nation before even self.
We should start our next buying campaign from our friend Iran ; We should ramp up our diplomacy with Iran and Afghan ; Share our oil pool between Saudi , UAE , Iraq , Iran and Russia in that order ; Let Uncle Sam go to hell ; Work hard on low cost Defense arsenal such as drones to protect our borders ;
People nagging about petrol prices in India should know that it's almost 115-120 per litre in Canada. Look at the population of India vs Canada, by that rate we should have it at 200rs per litre
We Indians do love a discount.
What a bunch of nonsense. Buying oil from Canada is legal. What is HT going to do? Every time India saves few bucks on oil, it will have a news that India is saving money? That is normal business operations. Besides, Biden has released oil from US strategic oil reserves to lower prices of oil in USA, so Canadian oil prices are relatively lower, which is expected as a part of normal price fluctuations.
That's steps make india superpower...
India should remember, who is reliable partner and who is not
For India it's all about money