- August 5, 2022
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
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Russia’s share of the Indian oil market is growing at the expense of Saudi imports, Bloomberg has reported, noting Russian oil has been selling at a sizeable discount to Saudi crude. Russia became the second-biggest oil supplier to India in June, after Iraq, which remained the biggest oil supplier to the subcontinent. India and China became key markets for Russian oil after the Ukraine invasion as Europe began to wind down its purchases. The EU plans to suspend almost all imports of Russian crude and fuels by the end of the year, when an…
