India remained one of Russia’s largest oil buyers after the start of a large war in Ukraine in 2022.
India in May has increased oil imports from Russia to the highest level in the last 10 months. Bloomberg reported this reference to Kpler data.
As mentioned, until May 21, the sun -delivery is 1.98 million barrels, mainly the Urals types. This recovery occurs after a collapse in imports to a 14-month minimum in February caused by US penalties. Since then, Indian oil refineries have restored the chains of supplies, which attract tanks that do not fall under penalties, as well as mediators and entrepreneurs. In April, for the first time since October, India again purchased various Sokol from the Far East of Russia.
According to Kpler, the average sunny volume of oil supplies from the eastern port, including various ESPs, is 225 thousand barrels in May, which could exceed April 60%level. In June, at least 10 ESPO supplies in India were planned – near a record indicator.
According to the publication, India remained one of the largest Russian oil consumers after the start of a major war in Ukraine in 2022, using reduced prices to improve process profitability.
Earlier it was reported that India was buying Russian oil, which became very slow. The average sunny amount of oil obtained in April could be 2.15 million barrels.
Oil becomes more expensive with news from the Middle East
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.