Russia is now India’s top oil supplier, overtaking Iraq and Saudi Arabia, as Moscow looks to replace the EU as a customer

Russia is now India’s top oil supplier, overtaking Iraq and Saudi Arabia, as Moscow looks to replace the EU as a customer

Russia surpassed Saudi Arabia and Iraq to become India's top oil supplier in October, according to Vortexa.

Russia supplied 946,000 barrels a day to India, the highest ever in a month.

It also marked the first month that India imported more seaborne Russian crude than the European Union did, per the Economic Times.

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Russia surpassed Iraq and Saudi Arabia last month to become India's top crude supplier, according to data from energy firm Vortexa cited by the Economic Times.

India's crude imports from Russia climbed 8% to 946,000 barrels a day during October, the highest average ever for a month, accounting for 22% of India's total crude imports. That clocked in above Iraq's 20.5% share, and Saudi Arabia's 16%.

October also marked the first time that India brought in more seaborne Russian crude than the European Union did.

Meanwhile, China remained the biggest overall buyer of Russian oil, importing 1 million crude barrels a day during October.

Through 2022, Russia has been moving away from European markets as Western buyers shun Moscow. Since Vladimir Putin's invasion of Ukraine, Russia has been forced to sell