Coal imports from Russia highest in 2 years in May

Imports from Iraq down 31%

- Arunima Bharadwaj

INDIA'S IMPORTS OF Russian crude oil in June are projected to reach a two-year high of 2.13 million barrels per day (bpd), driven by significant pricing advantages, according to provisional data from global real-time analytics provider Kpler.

On a month-on-month basis, Russian oil supplies are expected to rise by 14.7%, followed by Iraq, the UAE, Saudi Arabia, and the US.

Imports from Iraq have declined by 31% this month to 746,148 bpd, while shipments from Saudi Arabia fell 9.5% to 525,751 bpd. In contrast, imports from the UAE rose by 18% to 542,804 bpd. The US remained India's fifth-largest supplier at 314,929 bpd, up 19% from the previous month, highlighting ongoing diversification efforts and price-driven arbitrage.