Tag: Crude oil imports

Crude oil imports to India from its largest supplier Russia may have topped out in May this year when the world’s third largest energy guzzler imported close to 2 million barrels per day (mb/d) from the erstwhile Soviet Union.According to energy intelligence firm, Vortexa, India imported 1.702 mb/d of crude in April 2023, which surged to 1.928 mb/d a month later but declined to 1.822 mb/d in June before appreciating again to 1.918 mb/d in July.“Looking ahead, India’s crude imports from Russia potentially topped out in May, declining...