CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country has taken over Saudi Arabia to become the second-largest oil supplier of India as of February 2021?
A
UAE
B
Israel
C
Japan
D
United States
Explanation: 

Detailed explanation-1: -Russia overtakes Saudi Arabia to become India’s 2nd biggest oil supplier. NEW DELHI: Russia has overtaken Saudi Arabia to become India’s second-biggest supplier of oil behind Iraq as refiners snap up Russian crude available at a deep discount following the war in Ukraine, industry 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: -India imported just 36, 255 barrels per day of crude oil from Russia in December 2021 as compared to 1.05 million bpd from Iraq and 952, 625 bpd from Saudi Arabia.

Detailed explanation-4: -Largest global crude oil importers 2021 China followed closely as the second-largest importer, with 12.7 million daily barrels.

Detailed explanation-5: -Russia has become India’s top oil supplier, edging past the traditionally dominant suppliers Saudi Arabia and Iraq, according to the energy cargo tracker Vortexa.

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