Multiple Choice Questions on Which of the following has become India rsquo s top oil supplier in October surpassing traditional s........... for SBI(PO) Exam Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    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)

    Russia

    Correct Answer

    Ukraine 

    Incorrect Answer

    Iran 

    Incorrect Answer

    Nigeria

    Incorrect Answer

    USA 

    Incorrect Answer
    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.


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