United States Surpasses Kuwait as India's 6th biggest oil supplier

United States Surpasses Kuwait as India’s 6th biggest oil supplier; Iraq remains on top

United States Surpasses Kuwait as India’s 6th biggest oil supplier; Iraq remains on top

  • According to data furnished by the oil ministry to parliamentary committee, United States has surpassed Kuwait to become India’s sixth largest oil supplier.
  • US supplied 5.4 million tonnes of crude oil to India during the first six months of 2019-20 (April-September).
  • This is 70 percent more as compared to about 3.1 million tonnes of oil sourced from the US in the same period a year back.
  • Iraq continues to be top crude oil supplier of India with 26 million tonnes of crude oil supplied during April to September, meeting India’s one-fourth oil need alone.
  • India bought 111.4 million tonnes of crude oil from overseas during April-September of 2019-20.
  • India is the world’s third largest energy consumer and is 83 percent dependent on imports to meet its oil needs.

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