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Highest in almost 3 years! India buying ‘all the Russian crude it can get its hands on’ as Trump sanctions threat fades Inflation surges to highest level in nearly 2 years as energy costs spike

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India

Times of India•Apr 13

Highest in almost 3 years! India buying ‘all the Russian crude it can get its hands on’ as Trump sanctions threat fades

98 million barrels per day in March, the highest level since June 2023. 57 million barrels per day so far in April, this decline is largely attributed to maintenance shutdowns at Nayara Energy’s 400,000 barrel-per-day refinery, which primarily processes Russian crude. Following the initial waiver, India procured roughly 60 million barrels scheduled for delivery this month, the Bloomberg report said.

Inflation surges to highest level in nearly 2 years as energy costs spike

Business

NPR Topics: Business•Apr 10

Inflation surges to highest level in nearly 2 years as energy costs spike

war with Iran and the resulting spike in energy prices have pushed inflation to its highest level in nearly two years. Inflation spike reverses stabilizing trend Although inflation is nowhere near the four-decade high it reached in 2022, following Russia's invasion of Ukraine, progress on stabilizing prices fizzled out last year, partly as a result of President Trump's tariffs.