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International Energy Agency: Global oil demand soars in 2023, led by China, ET Auto

International Energy Agency: This growth is anchored by robust demand from China, which is responsible for 77% of the increase, followed by India and Brazil. ....

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Oil Imports: India's splurge on cheap Russian crude may be over

India s reliance on cheap Russian crude oil is expected to decrease as traditional Middle Eastern suppliers offer more attractive conditions. Since Russia s invasion of Ukraine last year, India s consumption of Russian crude has increased significantly, surpassing Saudi Arabia and Iraq as the top supplier. However, rising prices have reduced the discount on Russian crude, making other sources, including those with term contracts, more appealing. ....

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India, China Bought 80% Of Russia's Oil In May: International Energy Body

India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report. ....

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Russian oil exports hit near three-year high in March despite sanctions in wake of Ukraine war: IEA

In a monthly oil market report published by IEA, it said that total shipments from Russia rose by 600,000 barrels per day to 8.1 million bpd last month, the highest level since April 2020. ....

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How India's Bingeing On Russian Oil Is Hitting Middle East

India's oil imports from the Middle East fell to a 19-month low in September while Russian imports rebounded although refining outages hit overall crude imports, data from trade and shipping sources showed. ....

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