Share of Russian oil in India's May oil imports rises to 41% -trade
NEW DELHI, June 21 (Reuters) -The share of Russian oil in India's oil imports in May rose to 41%, tanker data from trade and industry sources showed.
Refiners in the South Asian nation shipped in 2.1 million barrels per day Russian oil last month, a growth of 14.7% from April, the data showed.
India's overall oil imports in May rose to 5 million barrels per day (bpd), up 5.6% from April, the data showed.
India's oil ministry also released preliminary oil import data showing record high imports. However, the numbers are expected to be revised in the next two months, a government source said.
The sources declined to be identified as they were not authorised to speak with the media.
Following are details of India's crude and condensate imports with volumes in 1,000 bpd:
Region/Country | May 2024 | Apr 2024 | %Chg m/m | May 2023 | % Chg yr/yr | Jan-May 2024 | Jan-May 2023 | %Chg yr/yr | Apr-May 2024 | Apr-May 2023 | %Chg yr/yr |
Latin America | |||||||||||
Brazil | 45.7 | 0.0 | -- | 67.5 | -32.2 | 48.7 | 55.4 | -12.2 | 23.2 | 75.3 | -69.1 |
Colombia | 55.1 | 72.3 | -23.8 | 138.3 | -60.2 | 78.9 | 78.3 | 0.8 | 63.5 | 105.1 | -39.6 |
Ecuador | 0.0 | 0.0 | -- | 0.0 | -- | 0.0 | 27.6 | -100.0 | 0.0 | 36.9 | -100.0 |
Mexico | 30.7 | 139.9 | -78.1 | 215.7 | -85.8 | 61.5 | 75.3 | -18.3 | 84.4 | 134.5 | -37.3 |
Venezuela | 130.7 | 74.3 | 76.0 | 0.0 | -- | 127.2 | 0.0 | -- | 103.0 | 0.0 | -- |
TOTAL | 262.2 | 286.4 | -8.4 | 421.5 | -37.8 | 316.3 | 236.6 | 33.7 | 274.1 | 351.8 | -22.1 |
Asia | |||||||||||
Brunei | 18.0 | 0.0 | -- | 0.0 | -- | 11.9 | 3.8 | 210.3 | 9.2 | 0.0 | -- |
Malaysia | 22.2 | 0.0 | -- | 21.0 | 5.4 | 25.2 | 13.3 | 89.6 | 11.3 | 21.3 | -47.2 |
TOTAL | 40.2 | 0.0 | -- | 21.0 | 91.1 | 37.1 | 17.1 | 116.5 | 20.4 | 21.3 | -4.3 |
Middle East | |||||||||||
Neutral zone | 111.6 | 0.0 | -- | 28.2 | 295.0 | 43.0 | 41.9 | 2.5 | 56.7 | 25.8 | 120.1 |
Oman | 0.0 | 0.0 | -- | 32.0 | -100.0 | 0.0 | 22.8 | -100.0 | 0.0 | 16.2 | -100.0 |
Iraq | 1002.0 | 819.9 | 22.2 | 801.4 | 25.0 | 1053.9 | 939.5 | 12.2 | 912.5 | 863.9 | 5.6 |
Qatar | 14.7 | 15.2 | -3.1 | 29.1 | -49.5 | 44.8 | 38.2 | 17.1 | 14.9 | 31.2 | -52.1 |
Kuwait | 68.8 | 118.8 | -42.1 | 153.9 | -55.3 | 94.6 | 185.4 | -49.0 | 93.4 | 183.7 | -49.2 |
S. Arabia | 508.5 | 608.2 | -16.4 | 616.1 | -17.5 | 661.4 | 752.2 | -12.1 | 557.5 | 669.1 | -16.7 |
U.A.E. | 339.8 | 400.4 | -15.1 | 224.7 | 51.2 | 375.4 | 293.6 | 27.8 | 369.6 | 209.5 | 76.4 |
TOTAL | 2045.3 | 1962.4 | 4.2 | 1885.5 | 8.5 | 2273.0 | 2273.6 | 0.0 | 2004.6 | 1999.4 | 0.3 |
C.I.S. | |||||||||||
Azerbaijan | 0.0 | 32.0 | -100.0 | 24.6 | -100.0 | 64.2 | 45.7 | 40.4 | 15.7 | 28.3 | -44.3 |
Kazakhstan | 123.4 | 151.5 | -18.5 | 125.3 | -1.5 | 124.6 | 147.6 | -15.6 | 137.2 | 158.5 | -13.4 |
Russia | 2060.4 | 1796.8 | 14.7 | 1945.9 | 5.9 | 1700.6 | 1739.7 | -2.2 | 1930.7 | 1910.1 | 1.1 |
TOTAL | 2183.8 | 1980.3 | 10.3 | 2095.8 | 4.2 | 1889.4 | 1933.0 | -2.3 | 2083.7 | 2096.9 | -0.6 |
Africa | |||||||||||
Nigeria | 123.5 | 60.5 | 104.0 | 91.7 | 34.7 | 124.4 | 107.0 | 16.3 | 92.5 | 94.1 | -1.6 |
Angola | 153.5 | 159.9 | -4.0 | 59.9 | 156.3 | 139.7 | 75.9 | 84.1 | 156.7 | 45.6 | 243.8 |
Cameroon | 0.0 | 0.0 | -- | 0.0 | -- | 0.0 | 6.8 | -100.0 | 0.0 | 0.0 | -- |
Congo | 30.4 | 31.5 | -3.4 | 30.4 | -0.1 | 24.8 | 25.0 | -0.7 | 30.9 | 15.5 | 100.0 |
Egypt | 0.0 | 0.0 | -- | 31.6 | -100.0 | 3.2 | 22.7 | -85.8 | 0.0 | 32.1 | -100.0 |
Algeria | 0.0 | 96.8 | -100.0 | 0.0 | -- | 38.3 | 0.0 | -- | 47.6 | 0.0 | -- |
Tunisia | 0.0 | 0.0 | -- | 0.0 | -- | 0.0 | 4.3 | -100.0 | 0.0 | 0.0 | -- |
Libya | 0.0 | 0.0 | -- | 44.1 | -100.0 | 0.0 | 9.0 | -100.0 | 0.0 | 22.4 | -100.0 |
TOTAL | 307.4 | 348.8 | -11.9 | 257.6 | 19.3 | 330.5 | 250.8 | 31.8 | 327.7 | 209.6 | 56.4 |
CANADA | 34.1 | 106.1 | -67.8 | 70.3 | -51.4 | 52.4 | 131.7 | -60.2 | 69.5 | 69.8 | -0.3 |
USA | 176.0 | 95.5 | 84.3 | 63.9 | 175.3 | 86.2 | 77.1 | 11.8 | 136.4 | 63.2 | 115.6 |
TOTAL ALL | 5049.0 | 4779.5 | 5.6 | 4815.7 | 4.8 | 4984.9 | 4919.8 | 1.3 | 4916.5 | 4812.1 | 2.2 |
NOTE: The total may not tally as numbers in tonnes have been rounded after converting them into barrels per day using a conversion factor of 7.3 barrels per tonne divided by the number of days.
Numbers for previous months have been revised.
Data also includes some cargoes that arrived in April but discharged in May, and some cargoes that arrived in May and discharged in June.
Reporting by Nidhi Verma; editing by Jason Neely
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