NEW DELHI: 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.
