India’s Imports of Russian Crude Hit New High in July
India keeps buying a lot of Russian oil, with July imports hitting a new all-time high and accounting for more than half of total Indian crude oil imports. India’s crude oil imports from Russia rose to 2.8 million barrels per day (bpd) in July, up from the previous high of 2.7 million bpd in June, f
Source: OilPrice.com
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DW NOTE
India imported 2.1 million barrels per day of Russian crude in July, a new record and up from 1.9 million in June. The discount to Brent remains the entire story — this is arithmetic, not allegiance.