New Delhi: Russia’s share in India’s crude oil imports fell to 34% in August from 42% in July as state-run refiners sharply reduced imports from Russia.
Supplies from Russia fell 23% month-on-month to 1.47 million barrels per day (mbd) in August, even as India’s overall crude imports fell 5% to 4.35 mbd, according to energy cargo tracker Vortexa. Russia’s seaborne crude exports to China, however, increased to 1.4 mbd in August from 1.3 mbd in July.
