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Russian Crude to India Set to Increase Further in Jan

OIL

Crude flows from Russia to India are set to reach over 1.5mbpd this month, up from virtually zero less than a year ago according to Bloomberg vessel tracking data.

  • India brought in a record amount of Russian oil in December at 1.2mn bpd according to Vortexa – 29% higher than November and 33 times more than a year earlier.
  • Russia is now the largest supplier of oil to India, overtaking Iraq and Saudi Arabia a couple of months ago.


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