India's Import Of Russian Oil Scales New High In May. It Now Accounts...
NDTV
India took 1.96 million barrels a day from Russia in May, 15 per cent more than the previous high in April, according to data from energy cargo tracker Vortexa.
India's import of cheap Russian oil scaled another record in May and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the US, industry data showed.
India took 1.96 million barrels a day from Russia in May, 15 per cent more than the previous high in April, according to data from energy cargo tracker Vortexa.
Russia now makes up for nearly 42 per cent of all crude oil India imported in May. This is the highest share for an individual country in recent years.
The rise in Russian share came at the cost of traditional suppliers in the Middle East. Shipments from Saudi Arabia slipped to 560,000 tonnes - the lowest since February 2021, according to figures from the shipping analytics company.
