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How India's Bingeing On Russian Oil Is Hitting Middle East

How India's Bingeing On Russian Oil Is Hitting Middle East

NDTV
Thursday, October 27, 2022 10:00:16 AM UTC

India's imports from the Middle East fell to about 2.2 million bpd, down 16.2% from August, the data showed.

India's oil imports from the Middle East fell to a 19-month low in September while Russian imports rebounded although refining outages hit overall crude imports, data from trade and shipping sources showed.

Iraq remained the top supplier while Russia overtook Saudi Arabia as the second biggest after a gap of a month, the data showed.

India's total oil imports in September fell to a 14-month low of 3.91 million barrels per day (bpd), down 5.6% from a year earlier, due to maintenance at refiners such as Reliance Industries and Indian Oil Corp, the data showed.

India's imports from the Middle East fell to about 2.2 million bpd, down 16.2% from August, the data showed, while imports from Russia increased 4.6% to about 896,000 bpd after dipping in the previous two months.

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