Saudi drone attack: India’s oil imports from Saudi dropped 16% in September


Saudi drone attack: India’s oil imports from Saudi dropped 16% in September

Armed drone attacks on Saudi Arabia’s oil facilities in September seem to have dented the country’s crude oil shipments to India with oil exports declining 16 per cent to 2.78 Million Tonne during the month, fresh data released by the ministry of commerce showed.

In the previous month – August 2019 – Saudi Arabia had exported 4.39 MT of crude oil to India.

India’s overall crude oil imports in September declined 6 per cent to 16.8 MT as compared to the same month last year. Cumulatively, oil imports in the first six months (April-September) of the current financial year decreased 1.32 per cent to 111.4 MT.

However, India’s oil imports from Saudi Arabia in the first six months of the current financial year increased 8.11 per cent to 20.52 MT. Read More

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