Soaring Russian Oil Imports Drag OPEC’s Market Share in India to a Record Low
Friday, 19 April 2024 () Russia was India’s single largest oil supplier for a second consecutive fiscal year, as surging imports of Russian crude dragged down the share of OPEC and Middle East supply to India to a record low, Reuters reported on Friday, citing data from tanker-tracking data obtained from industry sources. In the 2023/2024 fiscal year ended March 31, the share of Middle East oil supply of India’s oil imports slumped to as low as 46% -- the lowest on record dating back to 2001-2002, according to the Reuters analysis. This compares with a…
The United Arab Emirates witnessed an unprecedented deluge, marking its most substantial rainfall on record since 1949. Described as a "historic weather event" by the state-run WAM news agency, the widespread downpour across the UAE is attributed to a combination of factors, including cloud seeding...
Russian forces have been hit heavily at several major airbases in occupied Ukraine overnight and have taken 1,300 losses in the field over 24 hours. Russian forces are making small advances in some..
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Ukraine's Foreign Minister, Dmytro Kuleba, urges India to reconsider its ties with Russia, citing a fading Soviet legacy. Amid escalating tensions between Russia and Ukraine and growing Chinese-Russian..
Friday, 19 April 2024 ()
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