Birdwatch Note Rating
2024-12-26 16:11:06 UTC - HELPFUL
Rated by Participant: F7337EE285E4D0B368A59FF6320E4DEA34D7AD843BCA45D7D24D8C9366A2DF83
Participant Details
Original Note:
India’s crude oil averaged ~$73.02/bbl in Dec 2024 not $100. Russia oil / Urals traded ~$64.50/bbl thru Dec. Iran (sanctioned) similar. India Refined oil costs more than crude. UK primarily imports crude from Norway 14.5M tons / US 13.6M tons, not India (2.3M tons). https://energy.economictimes.indiatimes.com/news/oil-and-gas/indias-oil-and-gas-imports-surge-6-7-in-november-consumption-grows-9-3/116305671 https://www.ceicdata.com/en/indicator/india/crude-oil-exports https://www.reuters.com/markets/commodities/oil-prices-fall-demand-concerns-strong-dollar-2024-12-20 https://www.statista.com/statistics/381963/crude-oil-and-natural-gas-import-origin-countries-to-united-kingdom-uk https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/articles/trendsinukimportsandexportsoffuels/2022-06-29
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