India Dethrones China as Russia's Top Oil Buyer, Grabs 44% of New Delhi's Imports | Details

Video Credit: Oneindia
Published on August 24, 2024 - Duration: 04:07s

India Dethrones China as Russia's Top Oil Buyer, Grabs 44% of New Delhi's Imports | Details

India has overtaken China to become the largest importer of Russian oil, marking a significant shift in global energy dynamics.

In July, Russian crude made up 44% of Indiaโ€™s total oil imports, reaching a record 2.07 million barrels per day.

This surge in imports is driven by steep discounts offered by Moscow as it pivots away from Western markets due to sanctions related to the Ukraine conflict.

As China reduces its Russian oil intake, India has stepped in, reshaping trade routes and solidifying its position as a key player in the global oil market.

#India #IndianRussianOilImports #IndiaCrudeOilImports #IndiaRussiaRelations #PMModi #VladimirPutin #OilImports #Russia #EnergyShift #GlobalTrade #IndiaChina #CrudeOil #EnergyMarket #Geopolitics #Sanctions #RussianOil #NewDelhi #OilDemand #GlobalEconomy #EnergyCrisis


You are here


๐Ÿ’ก newsR Knowledge: Other News Mentions

New Delhi

Capital city of India
The G20 summit in Rio de Janeiro produced a declaration that, like its predecessor in New Delhi, avoided directly criticizing Russia for the Ukraine conflict...
Credit: IndiaTimes - Published 2 days ago

Putin's visit to New Delhi is expected to be a major step to bolster diplomatic ties between Moscow and New Delhi in the face of global tensions
Credit: DNA - Published 3 days ago

Congress leaders, including Rahul Gandhi and Mallikarjun Kharge, gathered at Shakti Sthal in New Delhi to pay tribute to former Prime Minister Indira Gandhi on..
Credit: IndiaTimes - Published 3 days ago

Schools have been shut in New Delhi after "hazardous" toxic smog worsened.
4 days ago • Sky News

Moscow

Capital and largest city of Russia
Britain is now "directly involved" in the Ukraine war after its Storm Shadow missiles were used to strike targets inside Russia, according to Moscow's..
Credit: Sky News - Published 17 hours ago

Russian President Vladimir Putin is anticipated to visit India next year for the annual India-Russia summit. This follows Prime Minister Narendra Modi's visit to..
Credit: IndiaTimes - Published 3 days ago


Related videos from verified sources

Russia Denies Recruiting Indians for Ukraine War, Vows to Repatriate Stranded Soldiers | Details 03:49
Video credit: Oneindia - Published on August 12, 2024 

You might like