India, the third-largest importer of petroleum after China and the United States (US), has been buying relatively cheap Russian oil that was on sale after some nations in the West avoided it as retaliation for Russia's invasion of Ukraine Image Courtesy AP New Delhi: India now imports twice as much crude oil from Russia as it does from Iraq, the country’s traditional main oil supplier, reaching a new high of 1. India’s import of oil from Russia has plateaued“But domestic refiners do have room to increase their purchases of sweeter grades like Sokol, ESPO blend and Novy Port Light, in the interest of maintaining refining runs high and diversifying its crude sources,” Huang said. Saudi Arabia is selling more oil than it did in March 2022, when it sold 872,683 bpd