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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL
India’s imports of Russian oil rose to a four-month high of 1.6mbpd in November, up by 3.1% month on month, with Russia accounting for around 36% of India’s oil imports last month, data from trade sources showed, cited by Reuters.
- Total November oil imports into India stood at 4.5mbpd, down by 4.5% on October levels but up by 13% on the year.
- Russia was India’s top supplier in November accounting for around 36% of all imports followed by the Middle East with around 46%, led by shipments from Iraq and Saudi Arabia.
- In the first eight months of this fiscal year that began April 1, India's imports of Russian oil rose by 77% on the year to an average 1.7mbpd, the data showed.
- Higher imports of Russian oil have weighed on OPEC’s share of Indian oil supplies that fell to 48% in April-November, down from 62% for the same period last year.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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