India crude imports rose 3.5% year-on-year to a quarterly record in 1Q 2019. First quarter volumes are typically the highest of the year.

It took a record 898,100 b/d from Saudi Arabia in Q1, although this was still not enough to overtake top supplier Iraq which sent 1.008mn b/d (see chart).

On a monthly basis Saudi supplied India with more crude than Iraq in both January (1.083mn b/d vs 1.014mn b/d) and March (916,000 b/d vs 889,000 b/d) but Saudi February volumes of just 695,000 b/d were...