OPEC's share in India's annual oil imports rises after 9-year drop

17/01/2025 Argaam
Logo of OPEC

Logo of OPEC

OPEC's share in India's crude oil imports increased in 2024, rising for the first time in nine years, while top supplier Russia's share remained steady, Reuters reported, citing sources.

 

India imported 4.84 million barrels per day of oil in 2024, up 4.3% from the previous year, the data showed.

 

OPEC's share in India's 2024 crude imports rose to nearly 51.5%, up from 49.6% in 2023.

 

There is higher demand for Middle Eastern barrels from Asia refiners, especially India, due to lower Russian supplies, said Priti Mehta, senior research analyst at consultancy Wood Mackenzie.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.