Russia was India’s single largest oil supplier for a second consecutive fiscal year, as surging imports of Russian crude dragged down the share of OPEC and Middle East supply to India to a record low, Reuters reported on Friday, citing data from tanker-tracking data obtained from industry sources.
For the first time ever, India – which depends on imports for around 87% of its oil consumption – imported roughly equal volumes of OPEC and non-OPEC crude, thanks to the 57% annual surge in imports from non-OPEC producer Russia. Higher prices of Saudi crude and lower Kuwaiti supply as Kuwait limited exports of some grades to direct them to a new refinery also contributed to the low share of the OPEC and Middle Eastern crude of India’s imports.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
स्रोत: OilandEnergy - 🏆 34. / 68 और पढो »