India adjusts crude import strategy amid geopolitical shifts
after close1 source ↓written by the desknot a recommendation
- from February 1-18
- 4.85 million bpd
- from January's
- 8%
- from January's
- 5.25 million bpd
- in December
- 1.28 million bpd
- in early February
- 1.09 million bpd
India's crude imports averaged 4.85 million bpd from February 1-18, down 8% from January's 5.25 million bpd. Flows from Russia have declined due to US sanctions, with shipments falling from 1.28 million bpd in December to around 1.09 million bpd in early February. This shift highlights a rebalancing towards Middle Eastern suppliers, particularly Saudi Arabia.
Not investment advice. For informational purposes only.