Russia expanded its share in India’s crude oil imports to 32% in February from 27% in the previous month, little affected by Red Sea tensions and helped by rising demand from state-run refiners in India.
Saudi Arabia became India’s second-largest crude supplier in February, with its share rising to 19% from 14%. Iraq was a key loser, falling to 18% from 24%. In November, Russia had a share of 35%, which fell in both December and January before recovering in February.
