Ali1234
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Where does India buy oil from?

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      India, being the world's third-largest oil consumer and heavily reliant on imports (over 85% of its crude oil needs), diversifies its sources to ensure energy security and get the best prices. While the specific proportions can fluctuate monthly due to market dynamics, geopolitical events, and prici‫اقرأ المزيد

      India, being the world’s third-largest oil consumer and heavily reliant on imports (over 85% of its crude oil needs), diversifies its sources to ensure energy security and get the best prices.

      While the specific proportions can fluctuate monthly due to market dynamics, geopolitical events, and pricing, India’s main oil suppliers generally include:

      1. Russia: Since the Ukraine crisis, Russia has emerged as India’s single largest crude oil supplier, offering significant discounts. Its share has jumped dramatically from less than 2% before the conflict to often over 35% of India’s total imports.
      2. Iraq: Historically, Iraq has been one of India’s top suppliers for many years, providing a steady flow of crude.
      3. Saudi Arabia: Another traditional major supplier from the Middle East, Saudi Arabia remains a significant source for India, although its share can fluctuate based on pricing and OPEC+ decisions.
      4. United Arab Emirates (UAE): The UAE is also a consistent and important crude oil supplier to India, providing a variety of grades.
      5. United States: The US has become an increasingly important supplier to India in recent years as India diversifies away from its traditional Middle Eastern sources and seeks various crude grades.

      Beyond these top players, India also imports oil from a range of other countries to further diversify its supply, including:

      • Nigeria
      • Brazil
      • Canada
      • Kuwait
      • Angola
      • And others as market conditions and pricing opportunities arise.

      India’s strategy is to avoid over-reliance on any single region or country, ensuring it has options if one supply source is disrupted or becomes uneconomical.

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