SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

India reduces crude oil imports from Saudi Arabia by 8%

29 Jul 2015 Evaluate

India has reduced crude oil imports from its top supplier Saudi Arabia by over 8% in 2014-15 as it raised purchases from Africa and Latin America in an apparent bid to cut reliance on volatile Middle-East. Crude oil import from Saudia Arabia was cut to 34.99 million tones (MT) in 2014-15 from 38.18 MT in 2013-14.

While imports from sanction hit Iran were almost flat at 10.95 MT, shipments from Kuwait fell to 17.85 MT from 20.35 MT. Imports from Iraq were almost flat at 24.51 MT but the same from UAE rose 15% to 16.11 MT. Overall, imports from Middle East fell by over 5% to 109.88 MT.

India imported 189.44 MT of crude oil in 2014-15, almost unchanged from the previous fiscal, to meet over 80% of its oil needs.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×