India is increasingly reliant on Russia for oil, importing record volumes of Russian crude alongside purchases from West African and South American producers.
4 reports, 2 independent
Updated Aug 14
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What happened
India is increasingly reliant on Russia for oil, importing record volumes of Russian crude alongside purchases from West African and South American producers.
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What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Due to Black Sea attacks, Indian importers in Mysore are sourcing sunflower oil from Argentina to maintain supply lines.Sub-event
India is diversifying its oil imports, relying on Russia as its largest supplier and sourcing from global producers.1 source
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The entities involved
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
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- Reliance Industries' performance is tied to global oil prices and margins amid geopolitical conflict in the Middle East.