Russia became India’s largest supplier
Russia is reported to have become India’s largest supplier of crude oil in October 2022 as refiners stepped up the purchase of discounted seaborne oil. India is estimated to have imported 1.07 million barrels per day (bpd) of crude from that country during the month, up nearly 5 percent from 1.02 million bpd in September, according to cargo tracking and analytical services provider Vortexa.
Russia became India’s largest supplier after it bought a record 1.12 million bpd in June, according to the UK-based energy tracking company. Petroleum and natural gas minister Hardeep Singh Puri, however, maintained that Iraq remained the largest supplier, even as he earlier this week in an interview with international news channel CNN defended India’s decision to buy cheaper oil from Russia despite sanctions on that country by the West following its invasion of Ukraine.
