India’s Russian oil buys rise, at 2 mn bpd in August

India’s purchase of Russian oil has risen to 2 million barrels per day in August, as refiners continue to prioritise economic considerations in their sourcing decisions.

- Press Trust of India

As much as 38% out of an estimated 5.2 million barrels per day of crude oil imported in the first half of August came from Russia, per global real-time data and analytics provider Kpler.

Imports from Russia at 2 million bpd were up from 1.6 million bpd in July. The increase in Russian flow was at the cost of purchases from Iraq, which declined to 730,000 bpd in August from 907 bpd in July, and Saudi Arabia which fell to 526,000 bpd from 700,000 bpd last month. The US was the fifth largest supplier at 264,000 bpd, per Kpler.