India's Russian Oil Exports Extend Drop

The video discusses India's oil import trends from Russia, highlighting a peak in May followed by a decline due to strategic supply management by Russia and OPEC partners. Despite the drop, Russia remains a key supplier. The video also covers the impact of seasonal factors like monsoons and the Diwali festival on demand, projecting a recovery in imports by October.

What was the peak level of India's oil imports from Russia in May?

• 2.2 million barrels a day

• 2.5 million barrels a day

• 3.0 million barrels a day

• 1.5 million barrels a day

Which countries did India turn to for oil imports to compensate for reduced Russian supplies?

• China, Japan, and South Korea

• Iraq, UAE, and US

• Saudi Arabia, Iran, and Kuwait

• Brazil, Mexico, and Canada

What is one reason for the expected decline in India's oil imports in August?

• Russia's planned export cuts

• Increased domestic production

• Higher global oil prices

• New trade agreements with other countries

How does the monsoon season affect India's domestic oil demand?

• Increases demand due to agricultural activities

• Decreases demand due to reduced transportation

• Has no impact on oil demand

• Increases demand due to heating needs

When is India's oil import demand expected to rebound?

• August

• September

• October

• December