Brent On Fire: Will Russian Oil Be Enough To Save India From This Crude Shock?
Monday, 9 March 2026Newsdesk
India consumes about 5 million barrels of crude every day, meaning the stranded cargoes could vanish from the system almost as quickly as they arrive.
New Delhi 09 March 2026
As per news report of NDTV,With Brent crude futures surging toward $119 a barrel after a near-29% spike, the United States has granted India a 30-day waiver to import Russian crude already stranded at sea, a temporary escape hatch that analysts warn barely dents the economic shock from the oil market's latest eruption.
Source - NDTV
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