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


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Russia's oil is taking more of the Middle East's shares in the Indian market.. How much has Iraq los

    Rocky
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    Russia's oil is taking more of the Middle East's shares in the Indian market.. How much has Iraq los Empty Russia's oil is taking more of the Middle East's shares in the Indian market.. How much has Iraq los

    Post by Rocky Fri 19 Apr 2024, 4:29 am

    [size=35][size=35]Russia's oil is taking more of the Middle East's shares in the Indian market.. How much has Iraq lost?[/size]
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    Economy

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    04-19-2024 | 04:41
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    Alsumaria News - Economy

    Economic data showed, today, Friday, that the share of Middle Eastern oil in Indian imports of crude oil declined to 46% of the total that India imported during the fiscal year 2023-2024, which ended at the end of last March.


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    Ship tracking data from industry sources showed that [You must be registered and logged in to see this link.] became the largest oil supplier to [You must be registered and logged in to see this link.] during the 2023-2024 fiscal year for the second year in a row, reducing the market share of Middle Eastern and [You must be registered and logged in to see this link.] producers to historically low levels, according to Reuters.



    New Delhi feeds on Russian oil sold at a discount after Western countries refrained from buying and imposed sanctions on [You must be registered and logged in to see this link.] due to its invasion of Ukraine. As a result, [You must be registered and logged in to see this link.] is now the number one supplier to the world's third largest oil importer.

    [You must be registered and logged in to see this link.] has continued to buy Russian oil despite problems imposed by a set of sanctions aimed at reducing [You must be registered and logged in to see this link.]'s oil revenues to finance the war.

    [You must be registered and logged in to see this link.] is an ally of the Organization of the Petroleum Exporting Countries ([You must be registered and logged in to see this link.]), but it has consumed [You must be registered and logged in to see this link.]'s share of raw materials imported by major [You must be registered and logged in to see this link.] producers in the [url=https://www.alsumaria.tv/entity/47078/%D8%A7%D9%84%D8%B4%D8%B1%D9%82 %D8%A7%D9%84%D8%A3%D9%88%D8%B3%D8%B7/ar/]Middle East[/url].

    The data shows that Russian oil represented about 35 percent of [You must be registered and logged in to see this link.]'s total crude oil imports, which amounted to 4.7 million barrels per day in the fiscal year ending March 31, compared to about 22 percent a year ago.

    Data show that [You must be registered and logged in to see this link.] imported 1.64 million barrels per day of Russian oil in the 2023/2024 fiscal year, an increase of about 57% over the previous year.

    This raised the share of oil from [You must be registered and logged in to see this link.], Kazakhstan and Azerbaijan, members of the Commonwealth of Independent States, in [You must be registered and logged in to see this link.]'s imports to 39% in 2023-24 from 26% a year ago, the data show. In contrast, the share of Middle Eastern oil in Indian imports fell to an all-time low of 46% from 55%.

    [You must be registered and logged in to see this link.] continued to be [You must be registered and logged in to see this link.]'s second largest supplier followed by Saudi Arabia in 2023/24.

    The data showed that [You must be registered and logged in to see this link.] imported an equal amount of oil from [You must be registered and logged in to see this link.] and non --[You must be registered and logged in to see this link.] member countries for the first time in 2023/24.

    The decline in Saudi oil imports came after official selling prices set by state-owned Saudi Aramco rose for most of the year, while imports from Kuwait fell sharply after the producer diverted its crude to a new local refinery.
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