The “roller coaster” of the export of Russian raw materials – Respublika.lt

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Volumes are growing

In April, India increased its import of Russian oil by 19% in monthly terms. – up to 1.96 million barrels per day, local newspaper “The Indian Express” reported on the basis of analytical agency “Kpler”. This is the highest indicator in the last nine months.

According to the publication, in total, in April, India imported 4.86 million tons per day. barrels, 40.3 percent. of which consisted of Russian oil. New Delhi imported 1.54 million tons per day. barrels of “Urals” oil.
The publication attributes the increase in imports to the price difference between Russian and Western raw materials, but it still remains lower than it was in 2023. in May, when the share of Russian oil was 46 percent. from the total amount.

Oil imports to India have started to grow against the backdrop of US sanctions on the sector and price ceilings set by G7 countries. The Indian Express, citing sources, claims that the restrictions only partially and temporarily affected the import of Russian oil to India.

According to the interlocutors of the publication, Indian oil refining companies avoid cooperating with tankers that are sanctioned by the West, but do not completely distance themselves from Sovkomflot. On February 23, the US Treasury Department imposed sanctions on Sovkomflot and 14 tankers. Then Reuters wrote that Reliance Industries, India’s largest oil refinery operator, refused to accept the company’s tankers.

The demand for fuel oil is decreasing

In April, the export of Russian fuel oil through ports decreased to 815 thousand, compared to April last year. barrels per day or 24 percent. and was 11 percent. is lower than in March, Kpler data shows. The maritime export of naphtha fell by 20 and 15 percent, respectively, to 322,000 barrels per day. These indicators are the lowest since 2017. It is said that this was influenced by the constant Ukrainian attacks on Russian oil fields sector objects.

Also, the amount of diesel transported by ships decreased in April. Compared to March, they contracted by 23%, compared to April last year – by 28%. – up to 762 thousand bar./ per day. Diesel exports have been steadily decreasing since February, gasoline exports from Russia to other countries, with minor exceptions, have been banned since March 1.

Diesel exports decreased in all directions, except for China, where it rose from 285 bar/day to 6 thousand. Turkey (309 thousand bar/day or 20% less than in March) and Brazil (109 thousand bar/day or 22% less) remained the main buyers of diesel.