India Overtakes Saudi Arabia As Europe’s Top Refined Fuel Supplier

India Overtakes Saudi Arabia As Europe’s Top Refined Fuel Supplier



Posted by AravRAndG

7 comments

  1. Submission statement
    

    India, a BRICS member, has emerged as Europe’s largest supplier of refined fuel, surpassing Saudi Arabia, according to data from trade intelligence firm Kpler. Europe’s refined oil imports from India are set to exceed 360,000 barrels per day in response to new Western sanctions on Russian oil, reshaping global energy trade routes.

    Historically, Saudi Arabia has held a premium status in global oil supply, consistently ranking among the world’s top oil producers. However, with European nations seeking alternative sources due to sanctions on Russia, India has swiftly expanded its reach.

    Reports from Reuters indicate that prior to the Russia-Ukraine conflict, Europe imported an average of 154,000 barrels of oil daily from Indian refiners. This figure increased to 200,000 barrels per day following the European Union’s February 5 ban on Russian oil. Kpler estimates that India’s Russian oil imports could reach over 2 million barrels per day by April next year, which would account for 44% of India’s total oil imports.

  2. that’s because they are getting unrefined Russian oil and refining it. Once the oil is refined, you can’t really track where it is from.

  3. From what I know, multiple country are doing this too,buying Russian oil and reselling to europe,why focus on jndia? Anyone got any idea? Since the war I have noticed, india doing literally any thing with Russia and are getting way too much focus, why?

  4. Its basically impossible to remove Russian oil from the markets without increasing oil prices globally drastically.

  6. Europe: India is funding the Russian invasion of Ukraine by buying its oil! But on the other hand, it’s tricky to figure out the exact origin of all this oil India has started to sell us, but we’re pretty sure that it isn’t from Russia… Hard to tell really…

Comments are closed.