https://sputniknews.in/20240409/indias-oil-trade-with-russia-surges-as-us-influence-wanes-7088940.html
India's Oil Trade with Russia Surges as US Influence Wanes
India's Oil Trade with Russia Surges as US Influence Wanes
Sputnik India
In FY24, Russia supplied 1.57 million barrels per day, a significant increase from 1 million barrels per day in the previous year.
2024-04-09T17:49+0530
2024-04-09T17:49+0530
2024-04-09T20:00+0530
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Russian oil accounted for 35% of India's total imports, up sharply from 23% a year earlier, according to energy cargo tracker Vortexa.Despite discounts and sanctions from the G7 countries, Russia continues to dominate India's oil imports in 2023-24.Iraq's share fell to 20%, Saudi Arabia's to 15%, the UAE's to 6% and the US's to 3.5%.Conversely, Iraq's supply fell from 0.95 million barrels per day to 0.89 million barrels per day and Saudi Arabia's supply fell from 0.78 million barrels per day to 0.69 million barrels per day.
https://sputniknews.in/20240404/india-russia-oil-trade-still-irritates-us---even-after-jaishankar-set-record-straight-7037873.html
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russian oil, india's total imports, energy cargo tracker vortexa, discounts and sanctions from g7 nations, russia, india's oil imports, iraq, saudi arabia, uae, us, supply volumes, russia, russian crude oil, shipping and insurance intricacies, crude oil acquisition.
russian oil, india's total imports, energy cargo tracker vortexa, discounts and sanctions from g7 nations, russia, india's oil imports, iraq, saudi arabia, uae, us, supply volumes, russia, russian crude oil, shipping and insurance intricacies, crude oil acquisition.
India's Oil Trade with Russia Surges as US Influence Wanes
17:49 09.04.2024 (Updated: 20:00 09.04.2024) In FY24, Russia supplied 1.57 million barrels per day, a significant increase from 1 million barrels per day in the previous year.
Russian oil accounted for 35% of India's total imports, up sharply from 23% a year earlier, according to energy cargo tracker Vortexa.
Despite discounts and sanctions from the G7 countries, Russia continues to dominate India's oil imports in 2023-24.
Meanwhile, major suppliers such as Iraq, Saudi Arabia, the UAE and the US saw their market share fall, according to an ET report.
Iraq's share fell to 20%, Saudi Arabia's to 15%, the UAE's to 6% and the US's to 3.5%.
In terms of supply volumes,
Russia supplied 1.57 million barrels per day in FY24, a significant increase from 1 million barrels per day in the previous year.
Conversely, Iraq's supply fell from 0.95 million barrels per day to 0.89 million barrels per day and Saudi Arabia's supply fell from 0.78 million barrels per day to 0.69 million barrels per day.
