Russia becomes India's top oil supplier in October

Russia becomes India's top oil supplier in October

Daily Current Affairs   /   Russia becomes India's top oil supplier in October

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Category : International Published on: November 09 2022

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  • Russia has become India's top oil supplier in October, surpassing traditional sellers Saudi Arabia and Iraq, according to data from energy cargo tracker Vortexa.
  • Russia, which made up for just 0.2 per cent of all oil imported by India in the year to March 31, 2022, supplied 935,556 barrels per day (bpd) of crude oil to India in October -- the highest ever.
  • It now makes up for 22% of India’s total crude imports, ahead of Iraq’s 20.5% and Saudi Arabia’s 16%.
  • Iraq slipped to the second slot with 888,079 bpd of supplies in October, followed by Saudi Arabia at 746,947 bpd.
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