India replaces China as top Russia oil importer
Business Standard|May 01, 2024
India unseated China to become the world's biggest buyer of discounted seaborne Russian crude oil in April, with imports jumping by 12 per cent on the month to a nine-month high, according to early ship tracking data and industry officials.
S DINAKAR
India replaces China as top Russia oil importer

Indian purchases of Russian oil exceeded Chinese imports by 450,000 barrels per day (bpd), data from market intelligence agency Vortexa shows.

An appetite for Russian oil has revived as cheaper Venezuelan supplies dried up after the US reimposed sanctions this month on the Latin American nation. A 45-day "winddown" period expires at the end of May, but sanctions could be relaxed again should the Venezuelan government show progress toward democratic reforms.

Russian supplies to India increased in April to 1.85 million bpd compared to 1.65 million bpd in March 2024, according to data from Paris-based market intelligence agency Kpler. The data is as of Tuesday.

هذه القصة مأخوذة من طبعة May 01, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 01, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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