Russia was India's largest supplier for a second consecutive fiscal year as OPEC lost market share in the country.
Russia was India ’s single largest oil supplier for a second consecutive fiscal year, as surging imports of Russia n 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.
Crude Oil Imports OPEC India Supply Middle East Imports
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
India's Largest Refinery Shuns Russian Crude Carried on Sovcomflot TankersIndia's largest refinery has stopped buying Russian crude oil carried on Sovcomflot tankers as the U.S. tightens sanctions enforcement.
続きを読む »
Belgium Confirms Existence of Pro-Russian Interference Networks in EuropeBelgian Prime Minister Alexander De Croo announced the confirmation of pro-Russian interference networks in Europe, aiming to undermine support for Ukraine. Belgian intelligence services have uncovered a pro-Russian influence operation in the Czech Republic, where members of the European Parliament were offered money to promote Russian propaganda. The objective is to elect more pro-Russian candidates to the European Parliament and strengthen a pro-Russian narrative.
続きを読む »
Top Indian Refiner Seeks Buyers of U.S. Crude as Russian Shipments ReboundIndia's largest refiner is seeking to resell the U.S. crude it has bought as more Russian crude begins to head to India.
続きを読む »
OPEC Oil Industry Needs $11.1 Trillion in Upstream Investment by 2045According to OPEC Secretary General Haitham Al Ghais, the oil industry will need $11.1 trillion in upstream investment by 2045.
続きを読む »
Oilprice Exclusive An Interview With OPEC Sec. Gen. al-GhaisIn an exclusive interview with Oilprice.com, OPEC's Secretary General HE. Haitham al-Ghais reaffirmed his organization's position on long-term oil demand and explained OPEC's stance on carbon reduction
続きを読む »
Russia Demands Oil Producers Slash Output for OPECRussia's governmenthas orderedoil companies to lower their output in the second quarter so that the country can meet its OPEC production target of 9 million barrels per day by the end of June
続きを読む »