LIVE: Union Minister Hardeep Singh Puri Mega Exclusive With Arnab | India Biggest Oil Exporter To Europe
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India, a member of BRICS, has become Europe’s top supplier of refined fuel, overtaking Saudi Arabia, reported by trade intelligence firm Kpler. In light of new Western sanctions on Russian oil, Europe’s refined oil imports from India are expected to exceed 360,000 barrels per day, significantly altering global energy trade routes.
Saudi Arabia is among the world’s leading oil producers and has maintained a dominant position in the oil trade for decades. However, with Russia’s exit from the European market, the continent is seeking new alternatives to secure its fuel supply.
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