The boycott increased the cost of transferring Russian oil to India by 5 %
reports Mehr News Agency quoted by Reuters, the cost of shipping for Russian Ural oil from Baltic ports to India increased by 5 % in February to $ 5 million per trip. The rise in prices came after the tougher US sanctions on Russian oil.
Russian crude oil loading program in Western ports in February has increased by 5 % to 1.2 million barrels a day. Russian refineries process more crude oil in the hope of strengthening fuel exports after new US sanctions.
The purpose of these sanctions by large companies Sorgot Nattage and Gazprom / It is Span>, which accounts for 5 % of its total oil exports. The two companies shipped an average of 2,000 barrels per day.
Company Petroleum Baharat Petroleum announced that intermediaries offered Russian oil after the new US sanctions imposed other shipments of the country They do not suggest. Petroleum and other Indian state refineries buy Russian oil in the cash market and buy from businessmen.
The Indian government intends to increase energy imports from the United States. The Indian prime minister is set to meet with the US president. In this case, it is expected that demand for oil in India will be out of China for the first time in 2, and this increase in the trend will continue at 2.
The demand for oil in India is expected to rise by 6,000 barrels a day this year to increase China’s 6,000 barrels. Oil demand in India is expected to rise by 4.9 percent in the last year. This figure is above 4.9 percent of China’s annual growth.
