India imported more Russian crude oil than ever in January, shows data

India imported between 1.27 to 1.42 million barrels of Russian crude per day, which made up 28% of India's supplies in January, the highest ever

Russia supplied record volumes of crude oil to India in January, led by substantial discounts, which countered fresh sanctions by Europe and the US on exports of fuel by Moscow.

According to London-based market intelligence firm Vortexa, exports of seaborne crude from Russia to India totalled 1.27 million barrels a day (b/d) as of January 31. While according to Paris-based data intelligence company kPler, this number was 1.42 million b/d.

That compares to 1.19 million b/d in December, when the EU and the US announced a ban on crude and product exports by Russia.

Iraq supplied 918,000 b/d in December,