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OPEC’s share in India’s annual oil imports rises after 8-year drop
OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier Russia’s share remained steady, data obtained from trade sources showed. Russia’s share in the world’s third-biggest oil importer and consumer is expected to drop in 2025 after Washington last Friday announced sweeping sanctions targeting Russian producers and tankers, disrupting supply from the world’s No. 2 producer to India and China and tightening ship availability. India imported 4.84 million barrels per day of oil in 2024, up 4.3% from the previous year, the data showed. The share ... (full story)
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- Posted: Jan 17, 2025 10:27pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 110
