印度在美国压力下俄罗斯石油进口放缓，转购沙特原油

Core Insights - India's crude oil imports reached a historical high in February, driven by refiners purchasing Saudi oil to replace Russian oil affected by Western sanctions, indicating a shift in supply dynamics due to U.S. pressure [1][3] Group 1: Import Dynamics - The average daily crude oil import volume for India in February was 5.3 million barrels, surpassing the previous record of 5.26 million barrels set in March 2025 [1][3] - The total import figures for February are not final and may fluctuate based on the actual unloading of expected shipments by the end of the month [1][3] Group 2: Supply Sources - Russia's average daily crude oil supply to India in February was 1.12 million barrels, marking the lowest monthly inflow since the end of 2022, with Saudi Arabia compensating for this shortfall [2][4] - Saudi Arabia's supply to India is expected to exceed 1 million barrels per day by the end of February, significantly higher than the historical normal level of approximately 700,000 barrels per day [2][4] Group 3: Refinery Operations - Supported by the surge in Saudi oil supply, India's refinery crude processing volume is projected to remain near the historical high of 5.67 million barrels per day set in February of the previous year [2][4]