India's Russian oil imports now double of Iraq

India's crude oil imports from Russia have doubled over the past year, reaching a new high of 1.64 million barrels per day in March. The increase has made Russia the single largest supplier of crude oil to India, accounting for over a third of all oil that India imports. However, purchases from Russia appear to have plateaued as growth has slowed, according to energy cargo tracker Vortexa. While Russia will continue to remain a key supplier, refiners still have room to diversify crude oil sources, said Vortexa's head of Asia-Pacific analysis.

from Energy-Industry-Economic Times https://ift.tt/G2ZjIuk