Today: 25 February 2025
1 November 2023
1 min read

India Shifts Focus to Saudi Oil

India imported 1.55 million barrels per day (bpd) of crude oil from Russia in October down from 1.62 million bpd in September….reports Asian Lite News

India’s crude oil imports from Russia fell by more than 4 pe rcent in October compared to September, according to figures compiled by energy cargo tracker Vortexa.

India imported 1.55 million barrels per day (bpd) of crude oil from Russia in October down from 1.62 million bpd in September.

However, Russia continues to be the largest oil supplier to India, accounting for more than one-third of the country’s total crude imports.

The fall in imports during October is attributed to the lower discounts being offered by Russia which has tended to raise the price above the West-imposed cap of $60 a barrel for Russian oil and as a result of which buyers face difficulties in making payments, according to market analysts.

However, while reducing imports from Russia, India has increased crude purchases from Saudi Arabia in October to 924,000 barrels a day from 523,000 bpd in the previous month, Vortexa data show.

India’s imports of crude oil from Russia steadily increased after the Ukraine war and the country has surpassed Saudi Arabia and Iraq, the earlier top two suppliers to India.

India’s total imports of crude oil which also comes from the US and Africa touched 4.56 million bpd in October. 

ALSO READ: UAE, Saudi Demand Israel to Stop Ground Ops

Previous Story

Hauntingly Delicious Halloween Recipes to Try

Next Story

UAE Vice President Honours Arab Readings Champions

Latest from -Top News

Netanyahu: Israel to Stay in Syria Indefinitely

Netanyahu called on Syria’s new government to implement a “full demilitarisation” of southern Syria..reports Asian Lite News Israeli Prime Minister Benjamin Netanyahu said that Israel will maintain an indefinite military presence at

United For Gaza 

Arab leaders meet in Saudi Arabia to discuss Palestinian issue, Gaza developments  Leaders of Saudi Arabia, the United Arab Emirates (UAE), Qatar, Kuwait, Bahrain, Egypt and Jordan met in Saudi Arabia’s capital

Arab Leaders Unite on Gaza Crisis

Umer Karim, an expert on Saudi foreign policy, called the summit the “most consequential” in decades for the wider Arab world and the Palestinian issue…reports Asian Lite News Leaders from Egypt, Jordan,

UAE rises in global soft power influence 

The Global Soft Power Index 2025 was announced at the Global Soft Power Summit, bringing together leading policymakers, business executives, and global influencers.  The UAE has secured 10th place globally in the
Go toTop

Don't Miss

Rohit Focuses on Team Resilience

Rohit’s goal is to ensure that there are enough ready

Indian minister opens new library at Embassy in Oman

MoS Muraleedharan arrived in the capital city of Oman, Muscat