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On May 20, Saudi Arabia replaced Iraq as the top importer of oil to India. Iraq had been India's No. 1 oil supplier since 2017. The shift from Iraq to Saudi Arabia was caused partly by the large cuts in oil prices by ARAMCO, which enticed India to purchase more from them instead of Iraq.

Saudi Arabia Become Top Oil Supplier To India

On May 20, Saudi Arabia replaced Iraq as the top importer of oil to India. Iraq had been India’s No. 1 oil supplier since 2017. The shift from Iraq to Saudi Arabia was caused partly by the large cuts in oil prices by ARAMCO, which enticed India to purchase more from them instead of Iraq.

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