India's oil imports from Russia seen peaking in May amid China competition

Russia remained the leading crude supplier to India in April, increasing its market share to 36%, up from 33.8% in March. However, Russia's increase in crude oil imports in recent months has slowed significantly, rising by just 4% in March. Analysts suggest that competition from China for Urals crude, a deeply discounted oil, could limit the future upside of Russia’s imports.

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