Russian oil dominates India’s oil imports; share of Iraq, Saudi Arabia, UAE and US falls – Times of India

[ad_1] Russia dominated India’s oil imports in 2023-24 despite decreasing discounts on oil and sanctions from G7 nations for its actions in Ukraine. According to energy cargo tracker Vortexa, Russian oil now accounts for 35% of India’s total imports, up from 23% the previous year.Meanwhile, other major suppliers like Iraq, Saudi Arabia, UAE, and the…

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Increased competition from China, South Korea! India’s diesel exports to Asia slump 63% – Times of India

[ad_1] India’s diesel exports hit by China, South Korea! India’s diesel exports to Asia saw a significant decline of 63% in March compared to the previous month. This drop was because of tough competition from Chinese and South Korean suppliers, which affected profit margins. Indian refiners shipped 61,000 barrels per day (bpd) of diesel to…

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