OPEC Reports Decline in Russian Oil Exports to China and India
January figures show significant reductions in Russian oil imports by key Asian markets.
MOSCOW – The Organization of the Petroleum Exporting Countries (OPEC) has reported a 12% decrease in Russian oil imports by China in January, amounting to a reduction of 1.3 million barrels per day to a total of 10 million barrels.
As a result, Russia's share of China's total oil imports fell to 19%, down from 20% in December.
In the competitive landscape of oil supplies to China, Malaysia and Saudi Arabia follow, each contributing 13% of the total imports.
Simultaneously, OPEC data indicates that Russian oil constituted 33% of India's total oil imports in January, a decrease from 38% in the preceding month.
Iraq, taking the second position, supplied 21% of India's oil needs, with Saudi Arabia contributing 14%.
Overall, India's total oil imports saw a monthly increase of 3%, reaching 4.9 million barrels per day in January.
As a result, Russia's share of China's total oil imports fell to 19%, down from 20% in December.
In the competitive landscape of oil supplies to China, Malaysia and Saudi Arabia follow, each contributing 13% of the total imports.
Simultaneously, OPEC data indicates that Russian oil constituted 33% of India's total oil imports in January, a decrease from 38% in the preceding month.
Iraq, taking the second position, supplied 21% of India's oil needs, with Saudi Arabia contributing 14%.
Overall, India's total oil imports saw a monthly increase of 3%, reaching 4.9 million barrels per day in January.
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