Russia remained the top supplier of crude oil to India in March, nearly maintaining its market share, but its supply growth slowed amid pushback from rival Saudi Arabia, which clawed back much of its lost share, according to energy cargo tracker Vortexa.
Russia supplied a record 1.64 million barrels per day (mbd) of crude to Indian refiners in March, higher than 1.58 mbd in February, Vortexa estimates. This was the slowest pace of growth in the past four months, with Russian oil’s share in Indian imports shrinking marginally from 34.5% in February to 34% in March.
