Russia winning battle for Indian oil market – Bloomberg ...News

Economy by : (Russia Today) -
The country has reportedly overtaken Saudi Arabia as the second-biggest supplier to India Russia has dramatically increased its oil exports to India and in June overtook Saudi Arabia to become the South Asian nation’s second-biggest supplier, Bloomberg reported on Thursday. Iraq remains India’s top source of crude oil. India, one of the world’s largest consumers of crude, has seen its imports from Russia surge tenfold since March, the outlet writes, due to discounts that the Russian barrels come with. In May, crude from Russia was almost $19 per barrel cheaper than from Saudi Arabia, although in June the discount

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