Refiners continue to snap up Russian cargoes at a discount to other grades Russian oil exports to India, the world's third-largest crude importer after China and the US, climbed to a record 1.62 million barrels per day (bpd) in February, making Russia India’s largest crude supplier for the fifth straight month, The Hindu reported on Sunday, citing cargo tracker Vortexa. According to the report, Moscow’s oil exports to the country surged 28% month-on-month and surpassed combined deliveries from Iraq and Saudi Arabia, India’s main suppliers for decades. Imports from Saudi Arabia dropped 16% month-on-month to 647,800
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