Cheap Russian Crude Is Replacing Middle Eastern Oil On India’s Spot Market

May 22, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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India’s spot purchases of crude oil from the Middle East have fallen in recent months, as cheaper Russian spot barrels are making their way to the world’s third-largest crude oil importer, according to the head of the largest Indian refiner. “Spot purchases have gone down because somewhere there has to be a dip to make up for all the Russian purchases,” Shrikant Madhav Vaidya, chairman of Indian Oil Corporation, said at the Middle East Oil and Gas Conference in Dubai on Monday, as carried by Reuters. Indian…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

Cheap Russian Crude Is Replacing Middle Eastern Oil On India’s Spot Market

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