India’s Imports Of Saudi Crude Oil Plunge By 34%

India’s Imports Of Saudi Crude Oil Plunge By 34%

OilPrice.com

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India’s crude oil imports from Saudi Arabia plunged by 34% in July just as the top global exporter started reducing its production by 1 million barrels per day (bpd) on top of its cuts within OPEC+, moneycontrol reports, citing data from cargo tracker Vortexa.     India imported 484,000 bpd from Saudi Arabia in July, down from 734,000 bpd in June, according to the data. Russia was once again the top supplier of crude to India. At 1.9 million bpd, Russian deliveries exceeded supply from Saudi Arabia and Iraq combined.  …

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