2 Days
Source:
الاقتصادية
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Source: الاقتصادية
2 Daysالاقتصادية
Source: الاقتصادية
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India’s oil imports from the Arabian Gulf have exceeded its imports from Russia for the first time since the outbreak of the Iran war. Shipments through the Strait of Hormuz have averaged 2.1 million barrels a day since the start of November, compared with 1.8 million barrels from Russia. The shift came as shipping through the strait recovered and exports from Saudi Arabia, the UAE, Iraq and Kuwait neared prewar levels. Meanwhile, Russian shipments to overseas markets fell by 40,000 barrels a day to 3.63 million barrels in the four weeks ending November 8. Competitive prices have also made Gulf oil more attractive, while Russian oil faces higher shipping costs and longer voyages.
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