More oil shipped to India from Russia than from the other four largest oil suppliers combined

In May, more oil was sent to India from Russia than from the other four major oil suppliers combined. We are talking about the United States, Iraq, Saudi Arabia and the United Arab Emirates.

This is evidenced by the data of the service for tracking the traffic of energy cargo Vortexa.

Last month, Indian consumers received almost two million barrels a day. This figure is 15 percent higher than in April, which was considered a record. The second largest supplier in May was Iraq, which shipped 0,83 million barrels per day.

Russia's share in India's crude oil purchases was almost 42 percent in May. In recent years, no other supplier country has occupied such a "piece" of the Indian market.

As for the OPEC countries, this year their share of the Indian market was the smallest in a long period and amounted to 39 percent.

Actually, such successes of Russian exporters are quite understandable, because their offer turned out to be the most profitable. According to April data, Russian oil cost Indian consumers an average of $68,2 per barrel. For comparison, the Saudis at the same time sent this raw material to India for almost $87, and suppliers from Iraq for $77,8.

Now, apart from Indian partners, Turkey and China are considered the largest importers of Russian oil. In general, the volume of oil transportation by sea in the Asian direction is growing, and the pipeline oil traffic to Europe is declining.

Comments

[sdivt]

Everything is relative, the devil is in the details.
Quote from the "Reporter" dated May 6 (Title of the article "Moscow was trapped in the Indian oil trade"):

Russia has accumulated billions of rupees in Indian banks that it cannot use. This was publicly announced on Friday, May 5, by Foreign Minister Sergei Lavrov, pointing to the rapidly growing trade surplus with the South Asian country

https://topcor.ru/34869-jeto-problema-moskva-okazalos-v-indijskoj-lovushke-pri-torgovle-neftju.html

In plain language, now in Russia there is a pile of proceeds of rupees, but there is nothing to buy from India with them, and no one else needs these rupees

[Mordvin 3]

Quote from sdivt

and no one else needs these rupees

Rupees? And what is it?

[Mordvin 3]

Quote: Mordvin 3

Rupees? And what is it?

I once had 500 hryvnia. I went around all the banks, they didn’t want to change anywhere. Somehow I crawled into one bank, waved hryvnias, and they got confused with the euro ... That was a joke.

[Alf]

Quote: Mordvin 3

Somehow I crawled into one bank, waved hryvnias, and they confused with the euro ...

And the bank exchanged like euros? What a score.

[AVA77]

So, once, in Moscow, in the subway passages, everything was changed for everything, even rupees. Why did you need a bank.

[AVA77]

A piece of paper such as a dollar is only made in India. It can be exchanged for a natural product. Let's say you can use medicines or stools, or draw a dot on your forehead in the salon like their girls, you can even their girls, then you can agree.

[dump22]

there is nothing to buy from India on them

Yes, there are specific goods in India. But like quality?
I remember in my youth I wore Indian jeans "Milton's", so they were valued above the Bulgarian "Rila".

[VPK-65]

Quote from sdivt

a bunch of rupees earned, but nothing to buy from India on them

India alone produces "pharma" (drugs) so much that you are tormented to count.
About their IT-specialists (Hindu code) who are also taken to Silicon Valley, too? (True, they definitely won’t go to carry curbs).
But for the oligarchs there is definitely not enough luxury items - not like a yacht, you can’t even buy Maybach and Lamborghini.

[Barmaglot_07]

Quote: VPK-65

India alone produces "pharma" (drugs) so much that you are tormented to count.

And what prevents the Indians from saying, "Here's a box of aspirin for you. The price is a crore of rupees. If you don't want it, don't, you can heat the stove with these rupees"?

[VPK-65]

Quote from: Barmaglot_07

А what prevents Indians say

Suddenly: "Competently designed CONTRACT"

[Barmaglot_07]

Quote: VPK-65

Quote from: Barmaglot_07

А what prevents Indians say

Suddenly: "Competently designed CONTRACT"

Those. for you, the fact that billions of rupees are stuck is evidence of the literacy of these agreements (on the Russian side)? Nuuu ... blessed are those who believe.

[VPK-65]

Barmaglot_07, of course I understand you - apparently they don’t give out an “aspirin” at CIPSO. But with this, not to me, but to your greenery, so that you can conclude an agreement with the Indians for anesthesia. And in our pharmacies everything is in order, but with your "difficult" (in quotation marks) work, it definitely won't hurt you:

Accept and calm down - it will not work here to disperse the "zrada".

[Barmaglot_07]

Indians have done a wonderful business. They buy oil for candy wrappers, the value of which is set by themselves, unilaterally. "To whom I owe what - I forgive everyone!" - and the client is also happy.

[Egeny]

Indian tea and lousy coffee, you can also livestock or slaves, sorry ... labor.

[Machito]

The main thing is that the gypsies do not burst with greed, buying oil at such a discount.
To whom is war, and to whom is mother dear?

[tralflot1832]

For all the weeders, look for Rosneft tentacles at a refinery in India. For self-education, it’s useless to talk to you differently.

The rupees are not so terrible, especially the fish soup grows from Bloomberg. Sechin works off his money.

[Mordvin 3]

Quote: tralflot1832

For self-education, it’s useless to talk to you differently.

Who is this with? What are you muttering?

[opuonmed]

when will the Russian Federation block the transit of gas through Ukraine ????????? otherwise the Russian Federation ische and ukrram pays for transit

[tralflot1832]

Why, let the EU also take part in financing our SVO, especially since the gazik has risen to $ 300.

[Mordvin 3]

Quote: opuonmed

when will the Russian Federation block gas transit through Ukraine????????

How cancer on the mountain will whistle ....

[Bully]

when will the Russian Federation block the transit of gas through Ukraine ?????????

Even the USSR, which produced almost everything on its territory (from needles to ICBMs), was forced to earn hard currency by selling energy resources to Western Europe. Now the Russian Federation is critically dependent on the currency, because. It simply does not produce a huge amount of goods necessary for the national economy.

[dump22]

So it's only this May!
And here is the data on total exports to India for the whole of 2022:
https://trendeconomy.ru/data/h2/India/TOTAL

The largest trading partners for the import of goods to India in 2022 were

China with a share of 13,9% (US $ 102 billion)
UAE with a share of 7,35% (US $ 53 billion)
USA with a share of 7,06% (51 billion US $)
Saudi Arabia with a 6,3% stake (US $ 46 billion)
Russia with a share of 5,54% (40 billion US $)

[sdivt]

Quote: tralflot1832

For all the weeders, look for Rosneft tentacles at a refinery in India. For self-education, it’s useless to talk to you differently.
Not so scary rupees

So I understand that you are addressing S. Lavrov?
My entire post, in fact, consists of his opinion)

[tralflot1832]

sdivt During his visit to India on March 29, 2023, Sechin only discussed the possibility of mutual settlements in rupees and rubles. You catch the difference. It is indicated on the Rosneft website. hard to guess and it's not happy.

[Fangaro]

Don't look for a trick. Russian oil is more easily absorbed by the Indian economy than any other. And it brings more benefits.

[plant15]

Quote: tralflot1832

Why, let the EU also take part in financing our SVO, especially since the gazik has risen to $ 300.

In January-April, the Ministry of Finance received almost 2,3 trillion rubles. oil and gas revenues, which is two times less than in the same period in 2022, the agency reported. The total amount of shortfalls relative to the base level of income for the first four months exceeded 400 billion rubles, follows from the data of the Ministry of Finance.
The hardest hit were revenues from export duties on gas sales. The amount of this type of income amounted to 172 billion rubles. – 4,5 times less than in January-April 2022.
https://www.vedomosti.ru/economics/articles/2023/05/17/975616-neftegazovie-dohodi-byudzheta-okazalis-menshe-ozhidanii
Tell us more about the gas.

Quote from: Barmaglot_07

Indians have done a wonderful business. They buy oil for candy wrappers, the value of which is set by themselves, unilaterally. "To whom I owe what - I forgive everyone!" - and the client is also happy.

Quote: Bearded

The main thing is that the gypsies do not burst with greed, buying oil at such a discount.
To whom is war, and to whom is mother dear?

It must be said that it was not they who created this state of affairs.
But it's only good for us.
"Russia's past is beautiful, the present is magnificent, and the future is better than the wildest imagination can imagine,"

[HattinGokbori88]

Having satisfied its domestic needs, India sells most of the oil it buys at a HUGE discount to Bangladesh (a very populous but small country that India took over in 2009) several times its purchase price. The Indian-backed government of Bangladesh is selling this oil at an even higher price (in fact, at a higher price even than the European market, third world money is devalued against the dollar and the euro) to the already struggling local population. Most of the profits go to India, the Indian-backed dictator gets his cut.
It is believed that India (together with Singapore) also acts as a return channel for Russian oil supplies to Europe. That's why they buy so much oil. India got insanely profitable business without any investment. They even pay in rupees, a currency that no country in the world needs! What a joke!

India would already buy Russian oil if it was a bit cheaper than on the international market, as they care a lot about money and know that the US will never sanction them for this (even the US itself said so). Why so many concessions!!

[Vasyan1971]

In May, more oil was sent to India from Russia than from the other four major oil suppliers combined.

Well, I wish the Indians would not take advantage of this attraction of unheard-of generosity ...