Indian oil imports: Saudi claws back No.2 supplier status from U.S.

Indian oil imports: Saudi claws back No.2 supplier status from U.S.

Article content

NEW DELHI — Saudi Arabia was India’s second biggest oil supplier again in March, after

ceding the position for a month to the United States, which slipped to fourth place behind the United Arab

Emirates, according to preliminary tanker arrival data obtained from shipping and industry sources.

Iraq remained the top oil supplier.

India imported 4.39 million barrels per day (bpd) of oil in March, about 12% more than the previous month

but a decline of about 0.5% from a year earlier, the data showed.

Overall India’s oil imports in fiscal year 2020/21 fell to a six year low of 3.97 million bpd as refiners

cut crude processing after the spread of COVID-19 destroyed fuel demand, the data compiled by Reuters showed.

The following table shows India’s imports by country. The imports include condensate. Volumes are in

‘000 bpd.

Region/Countr March Feb %Chg March %Chg Jan-Mar Jan-Mar %chg Apr-Mar Apr-Mar %Chg

y 2021 2021 m/m 2020 yr/yr 2021 2020 yr/yr 2020/21 2019/2020 yr/yr

Latin America

Brazil 98.4 0.0 — 93.0 5.8 45.7 93.7 -51.2 62.3 51.3 21.3

Colombia 68.9 190.6 -63.9 0.0 — 95.4 0.0 — 67.9 2.9 2213.6

Ecuador 0.0 0.0 — 49.5 -100.0 0.0 16.8 -100.0 9.5 13.0 -26.7

Mexico 136.2 148.6 -8.3 270.0 -49.5 173.6 231.5 -25.0 147.5 196.3 -24.8

Advertisement

Story continues below

This advertisement has not loaded yet, but your article continues below.

Article content

Venezuela 0.0 0.0 — 416.8 -100.0 0.0 400.5 -100.0 87.8 351.4 -75.0

TOTAL 303.5 339.2 -10.5 829.3 -63.4 314.8 742.5 -57.6 375.1 615.0 -39.0

Asia

Brunei 26.2 42.0 -37.6 36.3 -27.8 28.3 24.6 15.0 20.3 20.4 -0.7

Malaysia 58.4 41.5 40.7 39.3 48.5 45.9 46.3 -0.8 46.9 59.3 -20.8

Indonesia 0.0 0.0 — 0.0 — 22.5 0.0 — 14.0 3.4 308.3

Australia 0.0 0.0 — 0.0 — 6.3 0.0 — 3.2 0.0 —

TOTAL 84.6 83.5 1.4 75.6 11.9 103.1 70.9 45.3 84.3 83.1 1.5

Middle East

Neutral zone 54.6 31.3 74.4 0.0 — 53.6 0.0 — 41.3 0.0 —

Oman 146.3 72.6 101.4 64.9 125.5 125.3 33.1 278.5 79.1 37.6 110.7

Iran 0.0 0.0 — 0.0 — 0.0 0.0 — 0.0 33.9 -100.0

Iraq 1185.2 867.5 36.6 934.1 26.9 1067.9 1122.2 -4.8 938.9 1055.5 -11.0

Qatar 31.4 34.7 -9.7 93.1 -66.3 21.6 88.8 -75.6 75.3 59.5 26.7

Kuwait 192.0 205.7 -6.7 209.9 -8.5 199.7 226.5 -11.8 178.8 214.7 -16.7

S. Arabia 567.6 445.2 27.5 681.9 -16.8 599.2 770.3 -22.2 694.9 839.8 -17.3

U.A.E. 473.5 421.7 12.3 611.8 -22.6 489.0 592.2 -17.4 441.8 442.8 -0.2

Dubai 16.0 0.0 — 0.0 — 11.0 0.0 — 10.9 1.4 699.0

TOTAL 2666.6 2078.8 28.3 2595.6 2.7 2567.3 2833.0 -9.4 2461.1 2685.1 -8.3

Europe

North sea 0.0 0.0 — 0.0 — 20.8 0.0 — 14.0 4.8 193.0

Norway 0.0 0.0 — 0.0 — 0.0 0.0 — 0.0 1.1 -100.0

TOTAL 0.0 0.0 — 0.0 — 20.8 0.0 — 14.0 5.8 139.2

C.I.S.

Azerbaijan 31.3 36.3 -14.0 88.9 -64.8 44.6 37.7 18.1 38.6 45.0 -14.2

Kazakhstan 31.5 137.6 -77.1 95.9 -67.2 84.1 129.5 -35.1 77.9 93.3 -16.6

Russia 84.1 36.5 130.7 56.4 49.1 62.8 71.3 -11.9 32.0 65.1 -50.8

TOTAL 146.8 210.4 -30.2 241.2 -39.1 191.5 238.5 -19.7 148.5 203.4 -27.0

Advertisement

Story continues below

This advertisement has not loaded yet, but your article continues below.

Article content

Africa

Nigeria 397.4 472.2 -15.9 280.1 41.9 406.9 293.0 38.9 325.3 344.1 -5.5

Angola 159.9 0.0 — 61.2 161.5 87.5 80.8 8.4 76.6 117.1 -34.6

Ivory coast 0.0 0.0 — 0.0 — 11.6 0.0 — 4.7 5.5 -13.7

Cameroon 0.0 33.1 -100.0 0.0 — 10.3 10.3 0.0 4.5 10.7 -58.3

Congo 0.0 0.0 — 0.0 — 0.0 0.0 — 23.4 22.7 3.2

Chad 0.0 0.0 — 0.0 — 0.0 21.4 -100.0 2.8 13.5 -79.3

Egypt 50.7 35.1 44.4 53.0 -4.2 44.7 50.2 -10.9 59.6 55.7 6.9

Gabon 0.0 0.0 — 0.0 — 0.0 0.0 — 6.9 0.0 —

Ghana 0.0 0.0 — 0.0 — 0.0 0.0 — 5.2 12.7 -59.0

Sudan 35.6 20.5 73.8 0.0 — 25.0 0.0 — 10.9 8.4 28.8

Eq Guinea 0.0 24.6 -100.0 0.0 — 15.0 14.8 0.9 18.9 27.0 -29.9

Algeria 0.0 0.0 — 31.3 -100.0 10.7 49.3 -78.2 15.9 61.1 -74.0

Libya 0.0 0.0 — 0.0 — 11.4 0.0 — 5.5 2.7 108.0

TOTAL 643.6 585.6 9.9 425.5 51.3 623.1 519.8 19.9 560.2 681.1 -17.8

CANADA 71.6 75.3 -4.9 18.4 289.1 97.0 6.3 1446.9 50.7 26.6 90.9

USA 470.2 545.3 -13.8 225.0 108.9 458.6 228.2 101.0 278.8 204.7 36.2

TOTAL ALL 4386.8 3918.0 12.0 4410.6 -0.5 4376.1 4639.2 -5.7 3972.6 4504.8 -11.8

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 crude parcels that arrived in February but discharged in March. It also include some

parcels that arrived in March and were discharged in April.

(Reporting by Nidhi Verma; Editing by Kirsten Donovan)

Advertisement

Story continues below

This advertisement has not loaded yet, but your article continues below.

In-depth reporting on the innovation economy from The Logic, brought to you in partnership with the Financial Post.

Comments

Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.

Leave a Reply

Your email address will not be published. Required fields are marked *

10 − 4 =