Red Sea threats unlikely to deter Russia's dominance as India's top crude supplier: SP GCI
New Delhi [India], January 8 (ANI): Despite recent Red Sea attacks raising concerns over potential diversions and increased shipping costs, Russia's position as India's primary crude supplier is expected to persist in early 2024, according to analysts and trade sources.
According to SP Global Commodity Insights (GCI), India's resilient demand for Russian crude, constituting over 35 per cent of its total imports in 2023, r