You should look up how many times the US has sanctioned India. Even now we are being threatened with multiple sanctions.
Stop proving your stupidity every other day. The cheaper the commodities, the more competitive your exports across the board. China will love a discount on oil even if they are the only country exporting finished goods.
Even the EU can't afford expensive oil, let alone China.
Doesn't matter. As India gets richer, China will get a viable trade competitor.
That's our problem. Shouldn't be your concern.
Sure, then 20-30 years later, Russia's oil will become useless too, but until then it's they who hold China's balls.
Asian Premium is the extra charge being collected by OPEC countries from Asian countries when selling oil, and India has been voicing its dissent against this practice.
economictimes.indiatimes.com
Prime Minister will call upon Saudi Arabian crown prince to help keep energy prices stabilised for India
www.deccanherald.com
Not change in price, but end to supplies. The argument is Russia can stop supplies and China goes to sh!t in a matter of months.