India sets new landmark for Russian oil purchases

Wednesday, 30 November 2022newsdesk

As per news report of Rt.com, India has bought about 40% of all seaborne Russian Urals grade oil capacity in November, Reuters reported on Monday citing its calculations based on Refinitiv figures and data from traders.

New Delhi, 30 November 2022

According to the figures, this made New Delhi the largest buyer of Urals oil this month. India has been boosting imports of Russian oil for several months. In October, Russia overtook Saudi Arabia and Iraq to become the South Asian country’s largest oil supplier with a 22% share in India’s total crude imports, according to data from the energy cargo tracker Vortexa.

Source - Rt.com