Russia remains the largest supplier of crude to India for the sixth month in a row, as imports rose to a new high of 1.64 million barrels per day in March 2023, according to the oil analytics company Vortexa.
The company said that “purchases from Russia doubled last March compared to 0.82 million barrels of oil per day that were purchased from Iraq, which was the largest oil supplier to India in the years 2017-2018.”
The company added that “purchases from Russia increased slightly, on a monthly basis, from 1.62 million barrels per day in February 2023 to 1.64 million barrels per day in March 2023.”
Analysts of the “Vortexa” oil analytics company indicated that Russia’s share in Indian imports rose last March to 34%, and indicated that Indian refineries’ purchases of Russian oil from the “Urals” brand remained stable last March, but the increase in the share is linked to an increase In imports of other varieties such as Novy Port Light.
According to the data, last month Saudi Arabia ranked second in the list of the largest suppliers of crude oil to India, as it supplied 986,288 barrels per day, while Iraq ranked third with imports amounting to 821,952 barrels per day.
While the UAE came in fourth place, with supplies amounting to 313,002 barrels per day, and thus surpassed the United States (136,464 barrels per day).
This article was originally published by RT.
