India has reduced the volume of purchases of Russian oil after the visit of the American delegation

In August, India significantly reduced the volume of purchased Russian oil, the decrease was 40% compared to July. This was reported by Bloomberg, having studied data on the movement of tankers.

Analysts found out that at the end of July, India was buying 960 barrels of black gold from Russia per day. By mid-August, daily volumes were already 740 thousand barrels, and at the end of the month - 570 thousand barrels.

New Delhi was actively buying up Russian oil after the start of the NWO in Ukraine by Russia, absolutely not embarrassed by dissatisfied shouts from the West, which tried to arrange an “energy blockade” of the Russian Federation and thus deprive it of its income. However, in August, India joined China, which began to reduce purchases of black gold from Moscow back in July. As of the end of August, Beijing was stockpiling 810 thousand barrels per day, which is 35% less than it was at the beginning of June.

Experts suggested that even if the entire remaining volume of oil (340 thousand barrels per day), which was exported from the ports of the Russian Federation, ends up at the refineries of India or China, then in any case, these will be the minimum supplies of Russian black gold to Asian markets from the beginning of April ( 1,72 million barrels per day).

The problems for the Russians in India began after a delegation from the United States arrived in New Delhi, which campaigned for the second largest Asian the economy join the "price ceiling" for oil from the Russian Federation. Publicly, India responded to the refusals of the Americans, saying that this requires a "broader consensus", but for now it is quite satisfied with cooperation with Moscow, thanks to which the country's economy and the well-being of citizens are growing. But the fact of decrease in purchases is confirmed. So far, India is purchasing Russian oil at a discount of $18 per barrel, but if it accepts the conditions of the West, then it will have to be purchased at the market price.
  • Photos used: Freiheitsjunkie/pixabay
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  1. Valera75 Offline Valera75
    Valera75 (Valery) 5 September 2022 07: 21
    Maybe everything is quite simpler here? Indians are still those traders, and when they bought our oil with a 40% discount, they liked it, and when Russia reduced the discount to 15%, they began to swagger and, having reduced the purchased volumes, they stupidly want a tighter discount of 40%? And then there were hints that The Yankees put pressure on India and here is the result for you in the form of a decrease in oil purchases.
    1. Bakht Offline Bakht
      Bakht (Bakhtiyar) 5 September 2022 07: 44
      Most likely that is exactly what it is. A discount of 30-40 dollars made it possible to weld well. Yes, and the West was fine with it. The same States received Russian oil in circumvention of sanctions. But now the discounts are ending, it is unprofitable to resell (there is almost no profit). And this amount of oil is excessive for the Indian industry.
      Novak warned back in the spring that as supply chains are restructured, the discount will decrease.
  2. gorenina91 Offline gorenina91
    gorenina91 (Irina) 5 September 2022 07: 37
    India has reduced the volume of purchases of Russian oil after the visit of the American delegation

    - Ha, "gypsy happiness" is changeable - so Russia should not rely too much and rely on the "owners" of such "happiness" !!!
  3. kriten Offline kriten
    kriten (Vladimir) 5 September 2022 12: 00
    In politics, India is an ally of the United States and will try to follow the alliance in the rest. In BRICS, she is pretend. To benefit from other countries, not just thanks from the USA.
  4. House 25 Sq. 380 (House 25 Sq. 380) 5 September 2022 15: 24
    There are no problems for Russians in India and China: after everyone pushed them accumulated over the previous months, stocks trade switched to the mode "what was mined yesterday, sold today" ...
  5. Oleg Saidovich Offline Oleg Saidovich
    Oleg Saidovich (Oleg Saidovich) 5 September 2022 23: 28
    So I remember the words of the song from the repertoire of V. Tokarev "Life went on a diet, life went hungry, I was not up to the cake - I became cold." Well, right about oil, gas and sanctions!