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Russian Crude Exports to India, China and Turkey Hold Over 2mn Bpd
India has imported 918,162 barrels per day of oil from Russia this month as of September 21, while China has imported more than 913,120 barrels per day, Kpler data show.
- In March 2022, after the Feb. 24 Russian invasion of Ukraine, India imported just 67,612 bpd and China brought in 720,669 bpd of Russian seaborne crude.
- Turkey has also stepped up to buy discounted Russian barrels, with purchases so far in September at 284,417 bpd, up from just 77,074 bpd in March, data show.
- China, India and Turkey now account for over 2 million barrels per day of Russian crude imports — two-thirds of all seaborne flows.
- Europe has imported 1.202 million barrels per day of Russian seaborne crude oil this month, down from 1.841 million in February.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.