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Russian Ally s Saudi Pivot Threatens to Derail Putin s Wartime Economy

After gorging on cheap Russian oil, India is looking to ramp up its energy imports from Saudi Arabia.

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Russia sanctions help push India s diesel exports to EU by 42% in December

Winter demand and the absence of Russian supplies allowed India s diesel exports to rise 42% yoy basis to Europe. The overall exports rose 17% YoY to 637,000 bpd. In December, the domestic consumption of diesel again fell 2.5% year-on-year but was just about 1% higher than in November.

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Weak domestic demand, bearish European outlook weigh on India s crude oil imports in December

Weak domestic demand, bearish European outlook weigh on India s crude oil imports in December
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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India: Crude oil imports from Russia may bounce back in January | Hellenic Shipping News Worldwide

India: Crude oil imports from Russia may bounce back in January | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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African crude makes up for fall in Russian imports

Russia s share in India s imported crude market shrank to 30% in December from 34.5% in November. Africa s share increased to 7.6% from 4.7%. The shares of Iraq (22.3%) and Saudi Arabia (16.4%), the second and third-largest suppliers respectively, expanded about one percentage point each. India s imports of Russian crude in December were the lowest in 11 months, with the largest declines from Urals and Sokol crude, according to Vortexa.

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