Source: Reuters (via feed)
Iraq overtook Russia as India’s biggest oil supplier in February, according to shipping data released on Friday. Some analysts expect Russia to regain the top position this month. This expectation follows a US waiver of sanctions on Russian oil imports. The waiver occurred amid the Middle East conflict.
BizTrendWire Insight:
The US sanctions waiver on Russian oil relates directly to shifts in India’s oil import sources.
The US sanctions waiver on Russian oil relates directly to shifts in India’s oil import sources.
