India's Russian oil imports rise 50% amid Middle East disruptions
pre-market1 source ↓written by the desknot a recommendation
- in March
- 50%
- per day
- 1.5 million barrels
- in February
- 1.04 million bpd
- of its oil
- 88%
- daily
- 5.8 million barrels
India's crude oil purchases from Russia surged 50% in March, reaching 1.5 million barrels per day, up from 1.04 million bpd in February. This increase comes as India seeks alternatives to compensate for supply disruptions from the Middle East due to ongoing military conflicts. India relies on imports for 88% of its oil needs, consuming 5.8 million barrels daily.
Not investment advice. For informational purposes only.