Indian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela, Brazil, Angola, and Nigeria increased. Russia remained a key supplier, though its share saw a dip. The UAE and Saudi Arabia saw increased imports. Overall oil imports in April remained steady but decreased year-on-year. Brazil and Venezuela emerged as significant suppliers.

Venezuela has emerged as India’s third-largest crude oil supplier so far in May, overtaking Saudi Arabia and the United States, as Indian refiners increased purchases of cheaper…

Venezuelan Acting President Delcy Rodriguez is expected to travel to India next week to discuss oil sales.

Indian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela, Brazil, Angola, and Nigeria increased. Russia remained…

The energy deficit in India, brought about by the conflict in Iran and the subsequent disruption of global fuel supply chains, has led it to seek fuel supply from Africa and Latin…

India's oil import bill jumped 52.3% to $16.3 billion in April, driven by crude prices exceeding $100 per barrel and supply disruptions from the Iran war.

China and India are among those ramping up imports of Brazilian crude amid Strait of Hormuz disruptions.

INDIJA se zbog sukoba na Bliskom istoku okreće nafti iz Latinske Amerike i Afrike, dok Rusija ostaje njezin glavni dobavljač.