The ongoing Red Sea crisis can potentially revive Russia-Saudi oil tensions, according to a Reuters analysis

Russia became China's top oil supplier in 2023, defying Western sections

India is buying Russian oil less as the discounted prices have seen an increase

Half of Russia's oil and petroleum exports in 2023 will have gone to China while India's share has risen in two years to 40

Just a month before the Group of Seven rich countries plan to cap the price of Russian oil, officials are racing to finalize details, leaving traders, shippers and insurers with questions about the price level and how it will work.

Russia can access enough tankers to ship most of its oil beyond the reach of a new G7 price cap, industry players and a US official told Reuters, underscoring the limits of the most ambitious plan yet to curb Moscow's wartime revenue.

Bangladesh is in discussions with Russia to procure crude and refined oil, Russian Ambassador to Bangladesh Alexander Mantytskiy said today.

Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed prime minister said.