India’s Russian oil imports climbed to a record 1.4 million barrels per day (bpd) in January, upto 9.2% from December, with Moscow still the top monthly oil seller to New Delhi, followed by Iraq and Saudi Arabia, data from trade sources showed. Last month Russian oil accounted for about 27% of the 5 million bpd of crude imported by India, the world’s third-biggest oil importer and consumer, the data showed.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Chinese property firms afresh plunge into debt

Shanghai: It was reported on Wednesday that the rumbling crisis at China…

Oil prices rally, stocks slide as traders track Israel-Iran crisis

Oil prices jumped and stocks mostly fell Tuesday after US President Donald…

Sri Lanka calls for $1 bln debt restructure

Colombo: Sri Lanka’s outgoing finance minister said on Thursday said that it…

Pakistan faces default risk without IMF loan: Moody’s

Moody’s Investor Service warned that without an International Monetary Fund (IMF) program…