Asian Premium
Recently, Saudi Arabia, world’s second largest oil producer, slashed the premium charged on exports to India, citing India’s bulk sourcing from Russia.
- Asian Premium is an extra amount levied by the Organization of the Petroleum Exporting Countries (OPEC) from Asian countries above the actual selling price.
- Producer countries began issuing marker prices for their crude oil in the 1980s, such that it was higher for buyers in Asia, who were more dependent on imports, making them price-takers.
- Asian buyers like India, made attempts to erode the premium, investing in refining capacity to boost their demand, and improve their negotiating power by asking for ....
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- 1 Rights of Non-Tribals in Scheduled Areas
- 2 Judicial Recusal
- 3 Data Governance Quality Index (DGQI)
- 4 Article 355
- 5 Governor's Power to Dismiss the Ministers
- 6 Commission of Railway Safety
- 7 Right to Change Name
- 8 Prevention of Damage to Public Property
- 9 Jan Vishwas (Amendment of Provisions) Act 2023
- 10 Rule 176 vs. Rule 267 of Rajya Sabha
