India witnessed a notable rise in crude oil imports, reaching approximately 5.6 million barrels per day in October. A significant portion, around 2.3 million bpd, came from the Middle East, with Russian shipments also holding a firm position at nearly 2 million bpd. Yet, increasing freight costs might diminish the desirability of Russian oil moving forward.
India's record oil imports hit 5.6 million bpd as Middle East, Russia supplies rise: Report
TI
Times of India - India NewsBy Trisha Mahajan
EXECUTIVE SUMMARY
India witnessed a notable rise in crude oil imports, reaching approximately 5.6 million barrels per day in October. A significant portion, around 2.3 million bpd, came from the Middle East, with Russian shipments also holding a firm position at nearly 2 million bpd. Yet, increasing freight costs might diminish the desirability of Russian oil moving forward.
Key Takeaways
- India's record oil imports hit 5.6 million bpd as Middle East, Russia supplies rise: Report.
- India witnessed a notable rise in crude oil imports, reaching approximately 5.6 million barrels per day in October.
- A significant portion, around 2.3 million bpd, came from the Middle East, with Russian shipments also holding a firm position at nearly 2 million bpd.
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Published originally on Times of India - India News
