Russia becoming one of India’s top oil suppliers ...News

Russia Today - Economy
Russia becoming one of India’s top oil suppliers
source : Russia Today ( News ) () 16
Sanctions on Moscow have provided discounts for Indian buyers Exports of Russian crude to India increased to 277,000 barrels per day (bpd) in April, compared to 66,000 bpd recorded in the previous month, Reuters reports, citing data provided by trade sources. The surge has boosted the share of Russian crude in India’s oil purchases to a record 6%, making Russia the fourth biggest supplier to the country. India is the world’s number three oil consumer and importer. Western sanctions on Moscow have opened up the opportunity for Indian refiners to increase purchases of Russian oil at discounted prices, as some Europe

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