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India Imported Record Volumes of Russian Oil March

OIL

India's imports of crude oil from Russia touched a new high of 1.64 mn bpd in March – double the rate from prior top supplier Iraq according to Vortexa.

  • Russia has been the top crude supplier to India for a sixth straight month in March and represented a 34% share of total oil imports.
  • Month-on-month, purchases from Russia rose marginally from 1.62 million bpd of oil imported from the country in February.
  • Saudi was the second largest supplier at 986,288 bpd and Iraq stood at 821,952 bpd.
  • The UAE overtook the US to become the fourth largest supplier at 313,002 bpd. The US supplied 136,464 bpd, down from 248,430 bpd in February.
Energy BulletsCommodities
Energy BulletsCommodities

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