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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    India's imports of Iraqi oil decreased by 10% in the past months

    Rocky
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    India's imports of Iraqi oil decreased by 10% in the past months Empty India's imports of Iraqi oil decreased by 10% in the past months

    Post by Rocky Thu 28 Jul 2022, 4:52 am

    India's imports of Iraqi oil decreased by 10% in the past months

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    Economy News-Baghdad
    It seems that Russian oil is on its way to the Indian and Chinese markets at the expense of Iraq and Saudi Arabia's share in the largest oil consuming region in the world, as refineries in India buy cheap Russian barrels in a large way .
    India's voracious appetite for low-priced Russian oil is eroding the dominance of traditional suppliers from the Middle East, Africa and the United States in one of the world's most profitable markets .
    The share of the Eurasia region, which includes Russia, in India's total imports of crude oil reached a record level of 18.8% during the period from April to June, compared to 3.4% in the previous twelve months .
    The data showed that oil imports from Russia rose 15.5% in June compared to May, while imports from Iraq and Saudi Arabia declined by 10.5% and 13.5%, respectively, bringing the Middle East's share to 56.5% from 59.3% .
    Russia remained India's second largest oil supplier after Iraq, while Saudi Arabia remained in third place for the second month in a row .
    Cheaper Russian oil reduces losses to India's state-run refineries that sell fuel at low prices in the domestic market, while adding to the profits of India's private companies Reliance Industries Limited (RELI.NS) and Nayara Energy, which export most of their refined products .

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    Added 07/28/2022 - 10:15 AM
    Update 07/28/2022 - 11:49 AM


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