Prerequisites:— What is the status of India’s oil imports? — India’s Russian oil imports in July were around a per cent higher sequentially, and accounted for as much as 43 per cent of India’s total oil imports of 4.82 million bpd. July was the seventh straight month of sequential growth in India’s Russian oil imports. The rise in India’s import of discounted Russian oil over the past few months has hit flows from Saudi Arabia the most. For Your Information:— Urals, a medium-sour crude, is the mainstay of India’s Russian oil imports.

Source: Indian Express August 04, 2024 13:05 UTC