India’s imports of Russian crude oil fell 4% sequentially in November to 1.49 million barrels a day amid a broader decline in crude imports by New Delhi, according to energy cargo tracker Vortexa. Imports of Russian crude is expected to fall further in December.
Despite the drop in November shipments, Russia remained the top supplier with a 33% share in India’s total crude imports last month, falling from 34% in October and 39% in September. Iraq (23%) and Saudi Arabia (15%) were the second- and the third-largest suppliers.
