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Indian Maintains Pace as Biggest Importer of Russian Oil

OIL

India overtook China as the biggest buyer of Russian seaborne crude in early November and has continued to buy more than its neighbour ever since according to Bloomberg vessel tracking.

  • India is pulling in increased volumes of Russian ESPO after months of Chinese buyers pulling in almost every available shipment.
  • Russian oil flows to China, India and Turkey are at 3.28mn bpd on the four-week average – a new high.



source: Bloomberg

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