NEW DELHI: Russia has muscled its way as India’s top oil supplier in October, relegating Iraq and Saudi Arabia to second and third spots, respectively, according to market reports based on shipping data.
From less than 1% in 2019, Russian oil today makes up 22% of about five million barrels per day shipped in by India, the world’s third-largest oil guzzler after China and the US. In contrast, the share of Iraq, which has been the top supplier for years now, stood at 20% and Saudi Arabia 16%.
