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Benzinga
Benzinga
Business
Navdeep Yadav

Russia Now 4th Largest Oil Supplier To India As Cheap Oil Proves Lucrative, US Share Halves

Russia became the fourth-largest oil exporter to India in April as low prices spur demand from one of the world’s largest oil consumers and importers, according to Refinitiv data.

The tanker tracking data showed that Russia's share in India's oil purchases rose to a record 6% in April — to stand at 277,000 barrels per day (BPD), up from about 66,000 BPD in March, Reuters first reported.

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