India Boosts Saudi Oil Imports, Slows Russian Buying, Amid US Pressure
India Boosts Saudi Oil Imports, Slows Russian Buying, Amid US Pressure Via The Cradle Saudi crude shipments to India are set to reach their highest level since 2020 this month, narrowing the gap with Russian supplies as New Delhi faces ongoing US pressure to reduce its purchases of Russian oil, according to data from Kpler cited by Bloomberg on Friday. Flows from Saudi Arabia are projected at between 1 million and 1.1 million barrels per day (bpd), Kpler lead research analyst Su...
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Saudi crude imports narrow gap with Russia, set to become biggest supplier
Saudi Arabia has temporarily become India's top crude oil supplier, with imports reaching their highest since November 2019. February saw nearly 1-1.1 million barrels per day arriving from the West Asian nation, surpassing Russia. This shift occurs amid US pressure on India to reduce Russian crude purchases, though analysts anticipate a short-term stabilization.
By ATUL MATHUR
Read full article →India Boosts Saudi Oil Imports, Slows Russian Buying, Amid US Pressure
India Boosts Saudi Oil Imports, Slows Russian Buying, Amid US Pressure Via The Cradle Saudi crude shipments to India are set to reach their highest level since 2020 this month, narrowing the gap with Russian supplies as New Delhi faces ongoing US pressure to reduce its purchases of Russian oil, according to data from Kpler cited by Bloomberg on Friday. Flows from Saudi Arabia are projected at between 1 million and 1.1 million barrels per day (bpd), Kpler lead research analyst Su...
By Tyler Durden
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