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China, India may be buying more Russia oil than known, US says

Times of India LogoTimes of India1 mo ago

China, India may be buying more Russia oil than known, US says

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"Right now, in particular, oil markets are rather volatile," Cecilia Rouse, chair of Biden’s Council of Economic Advisers, said Wednesday in an interview with Bloomberg Television.

"I’ve heard part of the explanation is that China and India are actually purchasing more of Russian oil than maybe we believe, so that there’s more supply on the market".

The president also called on states to suspend their own gas taxes; some had already done so.


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Article Details

Author / Journalist: Bloomberg

Category: Economy

Topics: Russia-Ukraine war Russia oil Joe biden Biden

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 11:39:51

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Reading Time: 3 minutes read

Article Length: 401 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 5184

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About Times of India

Times of India Logo

Main Topics: Economy

Official Website: timesofindia.indiatimes.com

Update Frequency: 22 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 11h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #28

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