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India raises US oil imports in June, marginally cuts supply from Russia

Business Standard LogoBusiness Standard5h ago

India raises US oil imports in June, marginally cuts supply from Russia - Business Standard

Quick Summary:

Refiners in India together shipped in 1.98 million barrels per day (bpd) of Russian oil in June, down 3.7% from the previous month, the data showed.

India's monthly oil imports from Saudi Arabia, however, rose 9.7% after a decline to 10-month-low levels in May, the data shows.

Indian refiners have been gorging on Russian oil, which emerged as an additional outlet after being sold at a discount, following western nations curtailing their purchases and imposing a raft of sanctions against Moscow for invading Ukraine.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 16:05:07 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21761187

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 283 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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