InvestorQ : How come India is again importing more oil from Saudi Arabia despite discounts from Russia?
Dia Deshpande made post

How come India is again importing more oil from Saudi Arabia despite discounts from Russia?

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Tisha Malhotra answered.
3 weeks ago
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For the month of August, Saudi Arabia again emerged the second-biggest oil supplier to India behind Iraq. In the last 3 months it was Russia that had taken the place of Saudi Arabia. Saudi Arabia shipped 863,950 barrels per day (bpd ) to India in August 2022 while Russian shipments were slightly lower at 855,950 bpd. India has now gone relatively neutral towards Russian oil after they have sharply reduced the discounts they were initially offering. UAE and Kazakhstan are in the fourth and fifth spot in supplying crude to India.

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