Whalesbook
India is set to increase its oil purchases from Saudi Aramco next month, moving away from Russian crude due to international sanctions. Despite this rise, traders are concerned about a potential shortfall of up to 1.2 million barrels per day. Meanwhile, China has surprisingly reduced its Saudi imports. Saudi Arabia's attractive pricing is drawing buyers from India, Japan, South Korea, and Taiwan, though the overall increase is only a portion of India's needs.