World & BusinessIndia’s Russian oil imports reportedly fell 16.5% in August
The Economic Times reports imports fell to about 2.1 million barrels per day, while purchases from Iraq rose sharply and Saudi Arabia increased supplies.
TLDR
India’s Russian oil imports fell 16.5% month-on-month in August as Middle East supplies rose, the Economic Times reports. The outlet says Middle Eastern producers are using storage and export terminals outside the Strait of Hormuz, while Indian refiners weigh future Russian purchases against potential U.S. trade measures.
India’s Russian oil imports reportedly fell 16.5% in August
The Economic Times reports imports fell to about 2.1 million barrels per day, while purchases from Iraq rose sharply and Saudi Arabia increased supplies.