India’s Russian oil imports hit lowest level since April as refiners diversify
Higher supplies from Iraq, Saudi Arabia and other regions helped offset lower Russian volumes as Indian refiners responded to changing market conditions.
India's imports of Russian crude oil dipped to around 1.75 million barrels per day (bpd) in September, marking the lowest level since April, as refiners diversified their purchases due to geopolitical risks, despite a surge in the country's overall crude intake, according to ship tracking data. Total crude imports averaged about 5.3 million bpd in September, up roughly 600,000 bpd from August and 700,000 bpd from the previous year, according to data from Kpler, a global commodities data and analytics firm.
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Also reported by 1 other outlet
- Indian refiners buy costly West Asian barrels as Russian supply narrows thehindubusinessline.com
