22/4/2025, 2:35:06 pm

Russian oil drives OPEC share in India's imports to record low, data shows

India's OPEC oil imports hit a record low in 2024-25 as Russian oil, priced cheaper due to sanctions, became the top supplier for the third consecutive year. OPEC's share fell to 48.5%, while Russia's rose to 36%. Imports from Saudi Arabia and Iraq dropped to multi-year lows, driven by higher prices and geopolitical shifts.