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Refiners in India have been gorging on Russian oil for the reason that West shunned purchases kind Moscow and imposed sanctions following its invasion of Ukraine in February 2022.
The information reveals that Russia continued to be the highest oil provider to India adopted by Iraq and Saudi Arabia. India, the world’s third largest oil importer and shopper, minimize month-to-month purchases from Saudi Arabia in March and raised these from Iraq, the info confirmed.
Due to the challenges posed by sanctions, India’s Russian oil imports are anticipated to say no in coming months. The nation is ready to obtain about 1.25 million barrels per day in April, a drop of about 9% from March, in accordance with LSEG knowledge.
Here’s a desk of India’s preliminary imports from its prime three suppliers. Volumes are in 1,000 bpd. Nation Kpler LSEG March Feb %chg March Feb %chg Russia 1655 1535 7.8 1368 1277 7.1 Iraq 1164 765 52.2 1176 799 47.3 Saudi Arabia 755 856 -11.8 632 856 -26.1.
