India's Crude Oil Imports From Russia Plunge on Payment Issues.

التفاصيل البيبلوغرافية
العنوان: India's Crude Oil Imports From Russia Plunge on Payment Issues.
المؤلفون: Sharma, Rakesh
المصدر: Bloomberg.com; 1/1/2024, pN.PAG-N.PAG, 1p
مصطلحات موضوعية: PETROLEUM export & import trade, PETROLEUM, INTERNATIONAL sanctions, PAYMENT, IMPORTS
مصطلحات جغرافية: RUSSIA, INDIA
مستخلص: India's crude oil imports from Russia have dropped to their lowest level since January 2023 due to payment issues and tightening sanctions. Data from Kpler shows that imports fluctuated downwards after reaching a record high in May, and in December, imports were at 1.48 million barrels per day, compared to the previous average of 140,000 barrels per day. Indian refiners were unable to receive any cargoes of Sokol grade oil last month due to payment difficulties. Despite these challenges, trade between Russia and India is expected to continue, with new cargoes indicating India as their final destination. [Extracted from the article]
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