India adjusts crude imports as Saudi gains market share
India's crude imports averaged 4.85 million bpd from February 1-18, down 8% from January. Russian shipments fell to 1.09 million bpd due to sanctions, while Saudi Arabia regains market share amid geopolitical shifts.
pre-market1 source ↓written by the desknot a recommendation
- total imports averaged
- 4.85 million bpd
- from January's
- 8%
- from January's
- 5.25 million bpd
- in early February
- 1.09 million bpd
India's crude import strategy is shifting towards calibrated rebalancing. From February 1-18, total imports averaged 4.85 million bpd, down 8% from January's 5.25 million bpd. Flows from Russia are declining due to sanctions, with shipments dropping to 1.09 million bpd in early February, impacting overall supply dynamics.
Not investment advice. For informational purposes only.