13 March | Oil

Reuters: Russian oil supplies to India increase in March

Reuters: Russian oil supplies to India increase in March

Russian oil flow to India recovered in March after a three-month decline. As reported by Reuters, the cargoes were being delivered by non-sanctioned vessels, and some supplies were diverted from Turkey.

This month, India's imports of Russian oil, mainly Urals crude, have increased to 1.54 million barrels per day. In the previous three months, the supplies averaged 1.1–1.2 million barrels per day on concerns about US restrictions, Kpler data showed. The recovery of Russian oil imports to India is easing a supply crunch and lowering prices for rival Middle East grades.

A decision by Turkey's largest oil refiner Tupras to stop buying Russian crude also helped boost supplies to Asian markets, Reuters added.

According to Kpler, in March, oil supplies from Russia to Turkey decreased to 127,000 barrels per day. At the beginning of the year, before new US sanctions on Russian producers were imposed, this figure reached approximately 300,000 barrels per day.

Elena Berseneva MarketCheese
Period: 21.03.2025 Expectation: 1400 pips
GBPUSD is poised for a pullback towards the trend line
Yesterday at 11:02 AM 71
AntonVolkov
AntonVolkov

Listed among the best MarketCheese authors
2nd in the segment "Metals"
Period: 26.03.2025 Expectation: 670 pips
Brent prices may rebound amid trade instability
Yesterday at 09:54 AM 63
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segments "Currencies", "Crypto" and "Oil and gas"
Period: 31.12.2025 Expectation: 1000 pips
Buying Brent in case of price reduction to $60–65 per barrel
Yesterday at 08:48 AM 35
Period: 21.03.2025 Expectation: 544 pips
AUDCAD may rise to 0.91242 due to worsening situation in Canada
Yesterday at 08:32 AM 21
Period: 18.03.2025 Expectation: 2640 pips
Buying USDJPY within descending channel targets of 150.10
13 March 2025 99
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Indices" and "Metals"
2nd in the segments "Currencies" and "Oil and gas"
Period: 20.03.2025 Expectation: 494 pips
Gas prices fall amid warm weather forecasts
13 March 2025 48
Go to forecasts