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India’s Russian oil buying scales new highs

India’s Russian oil buying scales new highs thumbnail

India’s rising imports of Russian oil hit a record high of about 1.95 million barrels per day (bpd) in May denting purchases from Iraq and Saudi Arabia fell, tanker data from trade and industry sources showed.

India, the world’s third biggest oil consumer and importer, buys more than 80% of its oil from overseas markets.

Its refiners have been gorging on Russian oil since the West imposed sanctions over Moscow for its invasion of Ukraine.

Russian oil accounted for about 40% of India’s crude imports in May, cutting imports from Iraq to a three-year low and from Saudi Arabia to their lowest since September 2021, an analysis of the data showed.

India imported 801,400 bpd of Iraqi oil in May, down about 13.7% from April, while supply from Saudi fell 15% to 616,100 bpd, the data show.

India’s overall May oil imports rose marginally from April to 4.8 million bpd, the data showed.

Its imports from Russia are expected to remain high, as its landed price remains far cheaper than Middle East crude.

In April the landed price of a tonne of oil from Russia was about $500, equivalent to $68.21/barrel using a conversion factor of 7.33, while that from Iraq cost $570 and from Saudi Arabia was $637.40, according to the government data. Price details for May arrival cargoes have not yet been updated.

Due to higher purchases of discounted Russian oil, the share of imports from the Middle East — traditionally its top source — fell to an all-time low of about 39% in May from 44% in April, the data showed.

India’s oil imports from various regions

OPEC’s share of India’s oil imports in May fell to a record low of 42.6% and averaged 44.3% in the first two months of this fiscal year, the data showed.

Reuters



35 Comments on "India’s Russian oil buying scales new highs"

  1. Dredd on Sun, 25th Jun 2023 6:21 pm 

    “Its imports from Russia are expected to remain high, as its landed price remains far cheaper than Middle East crude.”

    Natch.

    Suicidal tendencies are contagious (The Third Pole Water Line – 2).

  2. eeee on Mon, 26th Jun 2023 6:00 am 

    No civilization can survive this level of incompetency, corruption and stupidity. It is time to kill everyone on earth and move to something else.

    JUNK Ford Ecosport 1.0L 3-Cylinder Ecoboost Teardown. How Do You Avoid This Failure?

    https://www.youtube.com/watch?v=0yx1-50iqnA

  3. eeee on Mon, 26th Jun 2023 6:32 am 

    They are now putting the worst type of transmission garbage in small cars: CVT. It is steel on steel transmission mechanical linkage. No civilization can survive this level of incompetency, corruption, greed, stupidity. It is time to kill everyone on earth and move to something else. It is really over and it is time for the population of earth to accept their own death. You really deserver your own death.

    Honda CRV Failed CVT Transmission Teardown. Not AT ALL What I Expected To Find!

    https://www.youtube.com/watch?v=16u2eYfX9-g

  4. eee on Mon, 26th Jun 2023 6:43 am 

    She has the face of a fucking insect at 0:57

    https://www.youtube.com/watch?v=rGHA38pgt_U

  5. eee on Mon, 26th Jun 2023 6:57 am 

    No One Is Buying the Boeing 777-8. Here’s Why…

    https://www.youtube.com/watch?v=cjYfRmLaqpM

    No civilization can survive this level of incompetency, corruption, greed, stupidity. It is time to kill everyone on earth and move to something else. It is really over and it is time for the population of earth to accept their own death. You really deserver your own death.

  6. eee on Mon, 26th Jun 2023 7:06 am 

    Passat front parking brake made all of plastic. Search for it and see what people say about that. GM front brake caliper made of aluminum that deform because of extreme heat. I could go on and on and on. No civilization can survive this level of incompetency, corruption, greed, stupidity. It is time to kill everyone on earth and move to something else. It is really over and it is time for the population of earth to accept their own death. You really deserver your own death.

    It is time to get rid of earth. In theory a parking brake can be used as emergency brake and is supposed to work even when the motor has shutdown. It is supposed to be an independent system. It is not if it depend on electricity.

    https://www.youtube.com/watch?v=5kWHFDzoWyk

    https://www.youtube.com/watch?v=46KgDEyD0Pc

    https://www.youtube.com/watch?v=AIynjAfqXoM

  7. eee on Mon, 26th Jun 2023 8:24 am 

    You cannot win. You do not control earth calculators. You will die one way or another.

  8. eee on Mon, 26th Jun 2023 8:26 am 

    You are too stupid, too greedy, too narcist, too devious, too liars to be kept alive.

  9. eee on Mon, 26th Jun 2023 8:30 am 

    14Then Death and Hades were thrown into the lake of fire. This is the second death—the lake of fire. 15And if anyone was found whose name was not written in the Book of Life, he was thrown into the lake of fire.

    I am pretty sure my name is written in the Book of life, yours not.

    www__biblehub__com/bsb/revelation/20.htm

    https://www.youtube.com/watch?v=46KgDEyD0Pc

  10. eee on Mon, 26th Jun 2023 8:43 am 

    I told you, I already know what I will do with earth when everyone dies. If they can make the maths I am asking, it should work.

  11. eee on Mon, 26th Jun 2023 8:52 am 

    YA’LL just keep fixating on the symptoms and not the big picture… Did I mention Hillary’s College thesis was on Saul Alinsky? and that thesis has been under lock and key in Wellesley College library since the day they took office even until now? She spent summers with Saul in Hyde park CHI Town “Community Planning” .. That a Chicago euphemism for Communism. In Saul’s autobiography Rules for Radicals he pays tribute Lucifer for being the OG original rebel that was so successful GOD gave him his own kingdom.

    It is not Satan kingdom. Satan was tricked by GOD. As far as I can see, Satan does not run earth calculators such as: gravity calculator, entropy degradation calculator, solid analysis calculator.

    Satan is just a low IQ sucker.

  12. eee on Mon, 26th Jun 2023 8:57 am 

    Look at this piece of shit Obama dying in front of the whole world. Look at his facial expression and how weak is body posture is. I told you to not threaten me piece of shit negro. That goes for CNN, Satan and his Satan slaves.

    https://www.youtube.com/watch?v=iip2l7BDRAU

  13. eee on Mon, 26th Jun 2023 9:26 am 

    Hillary’s College thesis was on Saul Alinsky

    www__economicpolicyjournal__com/2013/04/hillary-clintons-1969-thesis-on-saul.html

    In Saul’s autobiography Rules for Radicals he pays tribute Lucifer for being the OG original rebel that was so successful GOD gave him his own kingdom.

  14. eee on Mon, 26th Jun 2023 9:34 am 

    Saul Alinsky is fucking Jew by the way.

    www__washingtonpost__com/news/the-fix/wp/2016/07/20/hillary-clinton-saul-alinsky-and-lucifer-explained/

  15. eee on Mon, 26th Jun 2023 9:42 am 

    You have something to say to me, Obama, piece of shit negro. Fucking garbage negro.

  16. eeee on Mon, 26th Jun 2023 1:55 pm 

    The piece of shit below from the BIS, goes straight into the lake of fire.

    https://www.youtube.com/watch?v=hY1lp-IC37k

  17. eee on Mon, 26th Jun 2023 2:00 pm 

    Trudeau, piece of shit Legault, go straight into the fire lake.

    https://youtu.be/BKtJcRwphjE?list=RDBKtJcRwphjE

  18. eeee on Mon, 26th Jun 2023 2:07 pm 

    All the prime ministers of UK, Europe (Northern, Southern, Eastern and Western) and Europe kings/Royalties will go directly into the lake of fire.

  19. eee on Mon, 26th Jun 2023 2:15 pm 

    Bidet,all his advisors and his cabinets members, all US senators, all US congress members, all US judges will go directly into the lake of fire.

  20. eeee on Mon, 26th Jun 2023 2:19 pm 

    1:37:04 look at the gray facial skin. It is because he is already dead and will go directly into the lake of fire.

    https://www.youtube.com/watch?v=k4rc_RuG4eI

    14Then Death and Hades were thrown into the lake of fire. This is the second death—the lake of fire. 15And if anyone was found whose name was not written in the Book of Life, he was thrown into the lake of fire.

  21. eeee on Mon, 26th Jun 2023 2:31 pm 

    These two whores directly in the lake of fire. GM and their fucking aluminum brake calipers that don’t last and GM constant lies and deceptions.

    https://www.youtube.com/watch?v=1sdVccHGxHU

  22. eeee on Mon, 26th Jun 2023 2:33 pm 

    2 dead people already going into the lake of fire for a second death.

    https://www.youtube.com/watch?v=A5uMNMAWi3E

    14Then Death and Hades were thrown into the lake of fire. This is the second death—the lake of fire. 15And if anyone was found whose name was not written in the Book of Life, he was thrown into the lake of fire.

  23. eeee on Mon, 26th Jun 2023 2:56 pm 

    This piece of shit earth will be destroyed.

    Tornado in Johnson County, Indiana captured on video

    https://www.youtube.com/watch?v=rFD2baIMvHQ

  24. eeee on Mon, 26th Jun 2023 2:58 pm 

    Another tornado for you in the US.

    https://www.youtube.com/watch?v=OWDQf4dViLI

  25. eeee on Mon, 26th Jun 2023 3:18 pm 

    You want more tornados, I have shit load of it for you.

    First Alert Weather: Tornado warnings for parts of New Jersey

    https://www.youtube.com/watch?v=zk9K2pkAlhM

  26. eee on Mon, 26th Jun 2023 3:53 pm 

    You know that your CDBC and the installation of a one world gouvmerment will fail. You failure is already predicted by the bible. You get that fucking pieces of shit.

  27. eee on Mon, 26th Jun 2023 3:59 pm 

    The one world government is already installed and BIS is governing the world using the central bank concept. All you see on TV is just BS theater. They want you to voluntary accept the one world government that is already in place so they can show to the world who is the anti-Christ. They want to change the current narrative to a new one and need your acceptation first.

  28. eee on Mon, 26th Jun 2023 4:25 pm 

    It does not matter how you act and what you do at this point. You are going directly into the lake of fire if you are not really alive. The Book of Life, or earth life biological calculator, knows if you are already dead or alive.

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