Russia becomes India's second biggest oil exporter

TEHRAN, Jun. 13 (MNA) – Russia rose to become India's second biggest supplier of oil in May, pushing Saudi Arabia into third place but still behind Iraq which remains No. 1, data from trade sources showed.

In May Indian refiners received about 819,000 barrels per day (bpd) of Russian oil, the highest thus far in any month, compared to about 277,00 in April, the data showed, according to Reuters.

Western sanctions against Russia for launching a special military operation in Ukraine prompted many oil importers to shun trade with Moscow, pushing spot prices for Russian crude to record discounts against other grades.


News Code 187921


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