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21.02.26 - 03:15
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India Boosts Saudi Oil Imports, Slows Russian Buying, Amid US Pressure (ZeroHedge)
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India Boosts Saudi Oil Imports, Slows Russian Buying, Amid US Pressure
Via The Cradle
Saudi crude shipments to India are set to reach their highest level since 2020 this month, narrowing the gap with Russian supplies as New Delhi faces ongoing US pressure to reduce its purchases of Russian oil, according to data from Kpler cited by Bloomberg on Friday.
Flows from Saudi Arabia are projected at between 1 million and 1.1 million barrels per day (bpd), Kpler lead research analyst Sumit Ritolia said, describing the volumes as the strongest since November 2019, bringing Saudi exports broadly in line with Russian deliveries.
Saudi Aramco
Kpler estimates Russian crude shipments to India at around 1.2 million bpd this month, which would keep Moscow as India's largest supplier, though at levels well below the more than 2 million bpd seen at peak periods over the past three years.
For March, Kpler forecasts Russian flows easing further to between 800,000 and 1 million bpd, noting that such a drop co...
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20.02.26 - 23:06
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Saudi crude imports narrow gap with Russia, set to become biggest supplier (Times of India)
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Saudi Arabia has temporarily become India's top crude oil supplier, with imports reaching their highest since November 2019. February saw nearly 1-1.1 million barrels per day arriving from the West Asian nation, surpassing Russia. This shift occurs amid US pressure on India to reduce Russian crude purchases, though analysts anticipate a short-term stabilization....
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16.02.26 - 06:18
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Banker Who Helped Lead Saudi Debt Boom Will Now Drive FDI Push (Bloomberg)
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About a decade ago, Saudi Arabia picked a veteran banker to help set up a debt-market program that's since transformed the kingdom into one of the most prolific bond issuers globally. His next task is to help Riyadh draw in overseas cash and triple annual foreign direct investment to $100 billion by 2030....
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