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The Hindu

National

PTI

India's import of Russian oil scales new high in May

Oil India Russia United States Vortexa Saudi Arabia UAE Iraq OPEC crude oil

India's import of cheap Russian oil scaled another record in May, 2023 and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the U.S., industry data showed.

India took 1.96 million barrels a day from Russia in May 2023, 15% more than the previous high in April, 2023, according to data from energy cargo tracker Vortexa.

Russia now makes up for nearly 42% of all crude oil India imported in May, 2023. This is the highest share for an individual country in recent years.

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