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

Assam has introduced a landmark bill to criminalise polygamy, aiming to protect women’s rights and impose strict legal and civic penalties on offenders.
Read More....
PM Modi honoured Guru Tegh Bahadur Ji’s 350th Shaheedi Diwas in Kurukshetra by unveiling a commemorative stamp, coin, and new cultural landmarks reflecting India’s spiritual legacy.
Read More....
Rohit Sharma has been appointed as the ambassador for the ICC Men’s T20 World Cup 2026, to be held in India and Sri Lanka.
Read More....
India celebrated the 76th Constitution Day in 2025 with nationwide events highlighting the Preamble and the theme "Hamara Samvidhan – Hamara Swabhiman".
Read More....
PM Modi attended the IBSA Leaders’ Meeting at the G20 Summit in Johannesburg, focusing on sustainable growth, critical minerals, and global economic cooperation.
Read More....
Gavi and UNICEF cut the price of the R21 malaria vaccine to ensure life-saving protection for millions of children.
Read More....
Exercise Suryakiran XIX - 2025 strengthens India-Nepal defense cooperation and enhances tactical capabilities.
Read More....
India implements four new labour codes to modernize worker rights and labour governance.
Read More....
Meerut Bugle gets GI tag, safeguarding heritage and enhancing its market value.
Read More....
ICG’s two-day Sagar Kavach exercise strengthened coastal security and inter-agency coordination along Maharashtra and Goa.
Read More....