Indian Oil Refiners Continue To Source Oil From Russia | World News

Sources, which context to the decision to continue to supply oil from India’s Russian suppliers, said that Russia, the world’s second largest crude oil manufacturer, which is the world’s second largest crude oil manufacturer with approximately 9.5 MB/Day (approximately 10% of global demands), is the second largest exporter that sends a raw greenhouse and 2.3 MB/day refined products. The fear of the removal of Russian oil from the market and the resulting traditional trade flows, the dated Brent raw prices increased to $ 137 per barrel in March 2022.

“In this challenging environment, India, as the third largest energy consumers in the world with 85% crude oil import addiction, fully fits the international norms, strategically adapted to secure affordable energy,” he added.

Previously, the United States President Donald Trump claimed that India could stop buying Russian oil on Friday (local time) and call it a “good step” if it was approved, and India argued its right to run energy policy -based energy policy.

At the beginning of July 31, Reuters said that Indian -state refineries had suspended Russian oil purchases last week due to the narrowing of US President Donald Trump’s tariff threats and price reductions.

Sources that provide more historical context to the decision to supply Russian oil, said that Russian oil has never been imposed on the Anı; Instead, it was subjected to a G7/EU price cover mechanism designed to limit income, while allowing global materials to continue to flow. India acted as a responsible global energy actor, which makes the markets stable. India’s purchases remained completely legitimate and within the framework of international norms.

“India, 5.86 MB/D OPEC+ production cuts with the discounted Russian crude oil, if the global oil prices, global oil prices, worldwide inflationist pressures in the intensification of March 2022’nin 137 US dollars/BBL summit, he added.

It is also appropriate to state that Russian oil has never been sanctioned and still approved by the US or the EU. Indian OMCs do not actually buy Iran or Venezuelan crude oil, which is actually approved by us. The OMCs have always followed the $ 60 price limit for Russian oil proposed by the US. Recently, the EU proposed a $ 47.6 price limit for the Russian crude oil, which will be implemented as of September.

In this period, which commented on the import of Natural Gas (LNG) of Russian origin of the European Union, “The EU purchased 51% of Russia’s LNG exports and acquired 51% of Russia’s LNG exports and 18% in 18% in Japan and 18% in Japan. (27%).

Sources speaking with the moment refuted the media reports that stopped India’s Russian oil purchasing and after the US President’s last interpretation of the allegation in the media report.

While answering the sudden question, US President Trump said that there was a number for penalties in India and whether he would talk to Prime Minister Narendra Modi.

Sources supporting the decisions of continuing to supply Russian oil, India’s energy decisions are directed by national interests, but also contributes to global energy stability, he added. India’s pragmatic approach was fully respected by international frameworks, while oil flow, prices are stable and balanced.