CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country Overtakes Saudi Arabia as Top Oil Supplier to India?
A
Iraq
B
Pakistan
C
India
D
Saudi Arabia
Explanation: 

Detailed explanation-1: -India, the world’s third biggest oil importer and consumer, shipped in 8, 63, 950 barrels per day (bpd) of crude from Saudi Arabia, up 4.8% from the previous month, while purchases from Russia fell 2.4% to 8, 55, 950 bpd, the data showed.

Detailed explanation-2: -Russia now supplies almost 22% of India’s total crude imports, ahead of Iraq’s 20.5 per cent and Saudi Arabia’s 16 per cent.

Detailed explanation-3: -Russia is reported to have become India’s largest supplier of crude oil in October 2022 as refiners stepped up the purchase of discounted seaborne oil.

Detailed explanation-4: -At the same year, Crude Petroleum was the 1st most exported product in Saudi Arabia. The main destination of Crude Petroleum exports from Saudi Arabia are: China ($24.7B), Japan ($15.1B), South Korea ($12.8B), India ($11.1B), and United States ($6.59B).

Detailed explanation-5: -Russia now supplies almost 22% of India’s total crude imports, ahead of Iraq’s 20.5 per cent and Saudi Arabia’s 16 per cent.

There is 1 question to complete.