\n<\/p>\n
India Continues to Be Major Buyer of Russian Oil<\/strong><\/p>\n NEW DELHI: In May, India held onto its position as the second-largest buyer of Russian crude oil, spending around 4.8 billion euros (about $5.6 billion). This represents an increase of nearly 7% compared to the 4.5 billion euros ($5.2 billion) spent in April, according to a recent report from the Centre for Research in Energy and Clean Air (CREA), a think tank based in Finland.<\/p>\n The report highlighted that India’s total imports of Russian energy amounted to 5.8 billion euros ($6.7 billion), with crude oil making up 83% of these purchases. China remains the biggest importer of Russian energy, with nearly 7 billion euros ($8.1 billion) in purchases.<\/p>\n CREA noted that India’s overall crude oil imports saw an increase of 8% month-on-month in May. This rise was mainly due to higher volumes received at the Vadinar and Jamnagar refineries, which increased by 36% and 14%, respectively. State-owned refineries also reported significant month-on-month increases of 13% and 42%.<\/p>\n As India continues to rely on Russian oil, these developments highlight the ongoing changes in global energy markets.<\/p>\n\n","protected":false},"excerpt":{"rendered":" India Continues to Be Major Buyer of Russian Oil NEW DELHI: In May, India held onto its position as the second-largest buyer of Russian crude oil, spending around 4.8 billion euros (about $5.6 billion). This represents an increase of nearly 7% compared to the 4.5 billion euros ($5.2 billion) spent in April, according to a<\/p>\n","protected":false},"author":1,"featured_media":34564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[28],"tags":[2081,45288,2080,471,2055,2078,45285,45290,45289,45291,45286,2079,45287],"class_list":["post-34563","post","type-post","status-publish","format-standard","has-post-thumbnail","category-india-news","tag-breaking-news","tag-chinese-energy-imports","tag-google-news","tag-india","tag-india-news","tag-india-news-today","tag-india-russian-oil-buyer","tag-indian-crude-oil-purchases","tag-may-oil-import-data","tag-oil-import-statistics-india","tag-russian-crude-imports","tag-today-news","tag-vadinar-and-jamnagar-refineries"],"_links":{"self":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/34563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/comments?post=34563"}],"version-history":[{"count":0,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/34563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media\/34564"}],"wp:attachment":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media?parent=34563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/categories?post=34563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/tags?post=34563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}