India’s October imports of Russian crude oil were down 4% compared to the previous month, with increased imports from Saudi Arabia.
According to IBC, citing Vortexa cargo data, India imported 1.55 million barrels per day of Russian crude in October, compared to 1.62 million bpd in September.
The drop in October reflects a dwindling discount for Russian crude, which is frequently selling above the G7-imposed price cap of $60 per barrel, despite buying restrictions.
The fall in India’s Russian crude imports for October was balanced out by an increase in imports of Saudi oil. India took in 924,000 bpd of Saudi crude in October, compared to 523,000 bpd in September, IBC reported, citing Vortexa data.
bonghits4jeebus 0 points 6 months ago
Meanwhile in America...