India eases Russian oil buying in July, boosts Saudi imports -trade – Reuters
- Date: 18-Aug-2022
- Source: Reuters
- Sector:Oil & Gas
- Country:Saudi Arabia
India eases Russian oil buying in July, boosts Saudi imports -trade – Reuters
NEW DELHI, Aug 17 (Reuters) - India's crude oil imports from Russia in July fell for the first time since March along with its overall purchase while supplies from Saudi Arabia rebounded for the first in five months, data obtained from trade and industry sources showed.
Indian refiners lifted more term supplies from Saudi Arabia as prices were attractive while prices for Russian supplies have climbed on robust demand. read more
India shipped in 877,400 barrels per day (bpd) oil from Russia in July, a decline of about 7.3% from June, with Moscow continuing as its second biggest oil supplier after Iraq.