According to the August report of the Organization of the Petroleum Exporting Countries (OPEC), in June 2023, Russia became the largest supplier of oil to China and India for the fifth consecutive month.

Iran PressEurope: In June 2023, Russia held on to its spot as the top oil supplier to China and India for the fifth month in a row, according to the August report of the Organization of Petroleum Exporting Countries (OPEC).

Russia accounted for almost 20% of total oil imports by China, according to OPEC. Saudi Arabia provided 15% of total supplies and Malaysia’s share was close to 11%. Overall, oil imports by China gained 5% month on month and stood at 12.7 mln barrels daily.

Russia has consistently been the top oil supplier to India over the last twelve months, supporting 45% of all Indian oil imports, OPEC said, citing data from the Kpler analytical agency. Iraq provided about 17% of supplies and Saudi Arabia - 16%. Total Indian oil imports lost 3% in June against May and totaled 4.7 mln barrels a day. 219