Saudi Arabia becomes India's second largest oil supplier

Saudi Arabia becomes India's second largest oil supplier

Daily Current Affairs / Saudi Arabia becomes India's second largest oil supplier

Change Language English Hindi

Category : Business and economics Published on: September 20 2022

Share on facebook

Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from industry and trade sources showed.
India, the world's third biggest oil importer and consumer, shipped in 8,63,950 barrels per day (bpd) of crude from Saudi Arabia, up 4.8% from the previous month, while purchases from Russia fell 2.4% to 8,55,950 bpd, the data showed.
In August, the United Arab Emirates stayed at No. 4 while Kazakhstan replaced Kuwait to become fifth-largest oil supplier to India, followed by the United States.
India has become Russia's No. 2 oil buyer after China as others have cut purchases following Moscow's invasion of Ukraine in late February.

Recent Post's

CBFC Guarantees Half of All Members in Examining and Revising Film Panels Are Women as per 2024 Rules.
Read More....
Government Extends PMGSY–III Timeline to March 2026; 1.01 Lakh km of Rural Roads Already Completed.
Read More....
LIC Signs New Bancassurance Agreement with Yes Bank to Offer Insurance Products through Its Network.
Read More....
Tourism Ministry to Hold 3rd Krishnaveni Sangeetha Neerajanam Carnatic Festival in Vijayawada on Dec 6–7, 2025.
Read More....
Actor Gaurav Khanna Emerges Victorious in Bigg Boss 19, Wins Trophy and ₹50 Lakh Prize.
Read More....
Scientists Discover New Non-Venomous Wolf Snake, Lycodon irwini, on Great Nicobar Island.
Read More....
Indian Researchers Detect Ancient Galaxy ‘Alaknanda’ with Spiral Arms Formed Just 1.5 Billion Years After Big Bang.
Read More....
Rohit Sharma Crosses 20,000 International Runs, Joining Tendulkar, Kohli and Dravid in Elite Indian List.
Read More....
Lando Norris Secures His First F1 World Championship in Abu Dhabi, Ending Verstappen’s Four-Year Dominance.
Read More....
FIFA Confirms Full Match Schedule; World Cup 2026 Final to Be Held at MetLife Stadium on July 19.
Read More....