Which of the following has become India’s top oil supplier in October, surpassing traditional sellers Saudi Arabia and Iraq, according to data from energy cargo tracker Vortexa?
This questions was previously asked in
SBI PO Mains (30 Jan, 2023)
Explanation:
- Russia has become India's top oil supplier in October, surpassing Saudi Arabia and Iraq. Russia has increased its oil exports to India due to geopolitical shifts and competitive pricing.
- Ukraine does not have a significant oil export relationship with India, primarily due to its limited oil production capacity and current geopolitical challenges.
- Iran, though historically a significant supplier, has faced sanctions which have affected its oil exports to India.
- Nigeria is a notable oil exporter, but it has not surpassed major suppliers like Saudi Arabia, Iraq, or Russia in the Indian market recently.
- The USA exports oil but has not been a primary supplier to India compared to Middle Eastern countries or Russia.
By: Parvesh Mehta ProfileResourcesReport error