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In November, India's Russian oil imports surged to a four-month peak of 1.6 million barrels per day, up 3.1% from October and accounted for 36% of the country's total imports. Russia has become India's top oil supplier this year due to discounts after Western companies reduced buying following Moscow's Ukraine invasion.
India plans to resume importing Venezuelan oil after a three-year pause, seizing the opportunity presented by eased US sanctions on the South American nation. Reliance Industries Ltd has booked two supertankers, C. Earnest and C. Genuine, along with Very Large Crude Carrier Eucaly, potentially holding a total of 6 million barrels.
India plans to resume importing Venezuelan oil after a three-year pause, seizing the opportunity presented by eased US sanctions on the South American nation. Reliance Industries Ltd has booked two supertankers, C. Earnest and C. Genuine, along with Very Large Crude Carrier Eucaly, potentially holding a total of 6 million barrels.
Private refiner Reliance Industries Ltd has booked two supertankers, C. Earnest and C. Genuine, which are scheduled to load crude cargoes from Venezuela between December to early January.
Same with the uk. it is a singledigit percentage with the crude import that we need to keep the country going. for europe as whole, european imports are 30% of refined products like diesel and petrol from russia, and that will be harder to replace. that is why president biden says yes, we understand why europe needs to still import russian oil. find still import russian oil. and we will unpack _ still import russian oil. and we will unpack that - still import russian oil. and we will unpack that plan a little more in detail later. what is interesting is the politics, because now, the us is ge...