Europe News: NEW DELHI: In 2023, Europe saw a significant increase in its imports of refined oil from India, coinciding with a notable rise in India's imports of R.
“Record rates” to what we used to buy from India, which is almost nothing.EU oil imports from India increased from 111k barrels a day to 236k barrels a day, while we used to import something like 4.5 million barrels of oil per day straight from Russia.
But writing “EU now imports 3% of the oil it used to from Russia through India” would hardly be news worth writing about.
“Record rates” to what we used to buy from India, which is almost nothing. EU oil imports from India increased from 111k barrels a day to 236k barrels a day, while we used to import something like 4.5 million barrels of oil per day straight from Russia.
But writing “EU now imports 3% of the oil it used to from Russia through India” would hardly be news worth writing about.
You’re comparing crude oil to refined products.