India bought the maximum crude oil from Russia in December 2022. Earlier this happened in October and November also. According to energy cargo tracker Vortexa, India bought an average of 1.19 million barrels of crude oil from Russia every day in December. A year before this, in December 2021, India used to buy only 36,255 barrels of oil per day from Russia. That is, the purchase of oil from Russia increased by about 32 times in a year.
Import of 25% crude oil from Russia
India now imports 25% of its oil requirement from Russia. Till March 2022, India used to buy only a very small part of its requirement from Russia. But from April the situation started changing. In October, Russia overtook Iraq and Saudi Arabia in terms of selling oil to India.
Increase due to the Russia-Ukraine war
The biggest reason for this increase is the Russia-Ukraine war. Actually, after the war America and European countries imposed sanctions on Russia. After which Russia started giving a discount on crude oil. India also took advantage of the opportunity and started buying large quantities of oil from Russia. Like India, China bought a large amount of crude oil from Russia during this period.
Oil purchases not less than the price cap
The G7 countries imposed a price cap on Russian crude oil in early December. Under this, oil could be bought from Russia only for $ 60 / barrel or less. This price cap has not had any impact on India's oil purchases from Russia. In December, for the first time, India bought more than one million barrels of oil per day from Russia. According to industry sources, India is getting Russian oil at a price lower than the price cap.
Anushka Sharma-Virat Kohli's daughter Vamika got this special gift hamper on her birthday, cute photos went viral
Anushka Sharma and Virat Kohli are one of Bollywood's favorite couples. Fans like their pairing, their mutual understanding, and the way they keep having fun with each other. A few days ago, the
IPL 2024 Auction: From Mumbai Indians to Chennai-Kolkata, this is what all 10 teams looked like before the IPL auction.
The player auction for the 17th edition of the Indian Premier League (IPL) will take place on December 19. This is the first time that the auction is going to be held outside India. A total of 333
Foreign Minister S Jaishankar said India is preparing 'the world and the world 'India' in the G-20 year
Indian External Affairs Minister S Jaishankar on Thursday said that in the year of India's G20 presidency, the country is "preparing the world" and the world is "preparing India". He inaugurated the
Now UFO seen in the sky of China, country's fighter aircraft preparing to kill
After America and Canada, an unidentified flying object (UFO) sighting has now been claimed in China. The foreign newspaper reported that China has seen it flying over the water near Qingdao and the
UGC Draft: What are the rules for opening campuses of foreign universities in the country and why are they being opposed?
Recently, protests have started against the new draft rules made by the University Grants Commission (UGC) for the establishment of foreign universities in India. Once these rules come into force,
Samsung Galaxy S24 Series: Before launch, know the specifications of Samsung's upcoming series, it will be equipped with these features
Samsung is in the news these days about its upcoming flagship series. The company is planning to introduce many new models under this series. Even before its launch, details of all the specifications
Google: Google violating CCI order, charging more commission from app developers
The Alliance of Digital India Foundation (ADIF) on Thursday said that the American company Google is grossly violating the order of the Competition Commission of India (CCI) and app developers are
IND vs ENG: The 'Ranchi' test will be memorable for the young fast bowler of Bengal, there is a strong possibility of getting the debut cap.
After Rajat Patidar, Sarfaraz Khan and Dhruv Chand Jurail, another youngster may get the opportunity to make his Test debut against England. 27-year-old Bengal fast bowler Akashdeep can play his first
New Covid Variant: Fear of another wave in UK, scientists alert about new 'ERIS' variant
The ongoing global corona infection has not stopped yet, researchers say that the virus is continuing to mutate, due to which the risk of new variants remains. All countries need to be careful about
China Flood: Outcry due to heavy rains in China, record of 140 years was broken; 21 people died
Rain in China has broken the record of 140 years. In the last five days, 744.8 mm or 29.3 inches of rain has been recorded in Beijing. These rains are being caused by Typhoon Doksuri. Earlier in 1891,
