Saudi Arabia and Iraq are the top oil exporters to India

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Riyadh – Mubasher: Data showed that India’s imports of crude oil rose to a four-month high in August, after reaching the lowest level in nearly a year in July.

The data revealed, according to “Reuters”, that Iraq remained at the top of the largest exporters to India, followed by Saudi Arabia, and the United States rose to third place, after jumping four places, and Kuwait rose to fifth place after it was in sixth place in July. And

India, the world’s third largest oil importer and consumer, bought about 4.2 million barrels per day last month, with some refineries planning to boost production in anticipation of rising demand in the festive season.

The agency added that a fifth of India’s imports in August came from the United States and Latin America, as refineries booked shipments from distant regions at the end of May and June to take advantage of the price differences. This led to a decline in the share of the Middle East and Africa, according to the data.

The shares of Middle East raw materials from India’s imports in August fell to 61.8% from 64.7% in the previous month, while imports from Africa decreased to 14.1% from 16.7%.

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