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Searched Tag: oil imports

Global oil price drop of over $4 a barrel spells benefits for India

India poised to benefit from falling oil prices

June 5, 2024, 12:57 PM - 2 min read

India is set to benefit from a recent drop in oil prices, which fell over $4 a barrel this week to a four-month low due to OPEC+ increasing production and higher US crude stockpiles.

India's Russian oil imports surge to 9 month high despite western sanctions

May 21, 2024, 04:25 PM - 2 min read

The data, obtained from shipping and trade sources, reveals that Indian refiners overcame initial hesitation and resumed imports via Sovcomflot vessels.

India poised to benefit from falling oil prices

India's Russian oil imports surge to 9 month high despite western sanctions

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