Russian oil dominates India’s oil imports; share of Iraq, Saudi Arabia, UAE and US falls
Tuesday, 9 April 2024 () Russia's crude oil imports to India surged to 35% in FY24 from 23% the previous year, surpassing other major suppliers like Iraq, Saudi Arabia, UAE, and the US. Russian supply rose to 1.57 million barrels a day, while Iraq and Saudi Arabia experienced declines. Despite challenges, Indian refiners favor Russian crude for discounts.
Saudi Arabia seemingly aligns with India on the Jammu and Kashmir issue, per a joint statement with Pakistan, urging bilateral resolution. Despite Pakistan's hopes for strong support, Saudi Arabia's stance echoes the Shimla Pact's principles of peaceful bilateral negotiation, reinforcing India's...
The latest wave of Ukraine drone attacks on the Russian refinery system is likely to have a more meaningful impact on Russian refinery production than the ones in January and February. Since then,..
A telephone conversation was held today between Prime Minister Narendra Modi and Russian President Vladimir Putin, during which President Putin extended congratulations on his re-election by PM Modi...
Prime Minister Narendra Modi extended warm congratulations to Russian President Vladimir Putin following his resounding victory in the Russian election on Monday.
Taking to his official X account,..
Tuesday, 9 April 2024 ()
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