Saudi Oil Surge to India Narrows Gap With Top Supplier Russia

India is set to import the most crude from Saudi Arabia in more than six years this month, as the South Asian nation faces sustained US pressure to reduce purchases of Russian barrels.

Shipments from Saudi Arabia are set to rise to 1 million to 1.1 million barrels a day, the highest since November 2019, said Sumit Ritolia, lead research analyst at Kpler. That’s broadly in line with Russia, according to Kpler, which would be a significant narrowing of a gap between the two suppliers that widened after India ramped up Russian oil buying following the Ukraine invasion.