Saudi Arabia Surpasses Russia To Become India’s No. 2 Oil Supplier.

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The third-largest oil importer and consumer in the world, India, imported 863,950 barrels of petroleum per day (bpd) from Saudi Arabia, up 4.8% from the previous month, while purchases from Russia declined to 855,950 bpd, according to the statistics.

Despite Saudi Arabia’s increase, India’s proportion of OPEX oil fell to 59. 8%, the lowest level in at least 16 years, as a result of a reduction in imports from Africa.

Due to maintenance at several refineries, India’s total crude imports fell to a five-month low in August of 4. 45 million bpd, down 4.1% from July, according to the statistics.

Increased purchases of Saudi and Emirati oil raised Middle East’s share in India to 59% in August; from 54% in July while that of CIS nations rose to about a quarter from 23%, the data showed.


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