Saudi Arabia becomes second largest supplier of crude oil to ‎India.. Russia leads

“Vortexa” oil analytics company revealed that Saudi Arabia ranked second in the list of the largest suppliers of crude oil to India in March 2023 AD, as it received 986,288 barrels per day, while Iraq ranked third with imports amounting to 821,952 barrels per day.

According to Russia Today, the UAE ranked fourth with supplies amounting to 313,002 barrels per day, and thus surpassed the United States (136,464 barrels per day).

Russia remained 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.

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 of the “Urals” brand remained stable last March, But the increased share is associated with an increase in imports of other items such as Novy Port Light.