India grapples with the new realities of the global oil market
The question is how to pay for Russian oil
NOTHING SHORT of outright war and plague is as likely to tank India’s economy as much as rising oil prices. Petroleum products made up more than a quarter of the country’s overall spending on imports last year—more than for any other big economy. Could cheap Russian crude lower the bill?
This article appeared in the Finance & economics section of the print edition under the headline “Side channels”
Finance & economics April 2nd 2022
- America’s gas frackers limber up to save Europe
- What can Russia do to sell its unwanted oil?
- India grapples with the new realities of the global oil market
- Can the Fed pull off an “immaculate disinflation”?
- Under unprecedented sanctions, how is the Russian economy faring?
- Surging food prices take a toll on poor economies
- The White House wants to close a tax loophole used by the ultra-rich
- Will dollar dominance give way to a multipolar system of currencies?
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