• Sunday, August 14, 2022

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Saudi Arabia to Supply 4 Million Barrels of Additional Crude Oil to India in November

Refiners in the country have placed orders to buy nine million barrels from Iran in November. (Photo: MARWAN NAAMANI/AFP/Getty Images).

By: Radhakrishna N S

Saudi Arabia, the world’s biggest crude oil exporter, will supply Indian crude oil buyers with an additional four million barrels of crude oil in November, several sources familiar with the matter said on Wednesday (10). The extra supply indicates a willingness by Saudi Arabia to increase crude oil supply to make up the shortfall once sanctions by the United States on crude oil exports from Iran, the third-largest producer in the Organisation of the Petroleum Exporting Countries (OPEC), startup on November 4. India is Iran’s top crude oil client after China, though several refiners have indicated they will stop taking…

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