In December, India witnessed a significant drop in crude oil imports from its primary source, Russia, reaching the lowest level since January 2023. The decline, attributed to payment challenges amidst escalating sanctions, prevented the delivery of six Sokol grade oil tankers, as reported by data intelligence firm Kpler., Economy News, Times Now
The American Petroleum Institute reports a significant drawdown in U.S. crude inventories, while product inventories, including gasoline and distillate, see a build, amidst fluctuating oil prices.
China is leading the global commitment to nuclear power, with several countries, including BRICS members, also making significant investments in new reactors.