Title: Demand of Crude Oil online - PowerPoint PPT Presentation

Description: The Crude Oil Price showcased a major escalation in quarter 1 of 2022 after the values shot up from USD88.15 to USD107 per barrel from January and March. India began to see an increase in its oil import bill due to the surge in international oil prices, which surpassed USD100 in H2 of Q1 for the first time in nearly eight years since 2014, as it imports more than 80% of its crude oil from the international market. The crude and gas markets intensified as tensions between the two countries rose following Russian President Vladimir Putin's decision to launch "military actions" along the Ukraine border. However, India was unconcerned about the supply disruption due to political turmoil, as Russia accounted for only 1% of the country's total imports in 2021. – PowerPoint PPT presentation