India Continues High Volume Russian Oil Imports Despite Pressure
India continued to purchase Russian oil at a near-record pace in June, acquiring $5.14 billion worth despite international pressure and an expired waiver. This trend reflects India's strategy to secure affordable crude amidst global supply shifts.
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India buys more Russian, Latin American crude as Middle East supplies dip
India stepped up imports from Moscow once Washington granted a temporary waiver, helping offset reduced supplies from Gulf producers caused by the disruption of traffic through the strategically important Strait of Hormuz.
By TOI BUSINESS DESK
Read full article →India Bought $5.14 Billion Russian Oil In June Despite Pressure. Here's Why
Indian refiners have increased purchases not just from Russia but also from Latin America. Meanwhile, Middle East imports to India fell sharply.
Read full article →India Keeps Buying Russian Oil At Near-Record Pace Despite Expired Waiver
India Keeps Buying Russian Oil At Near-Record Pace Despite Expired Waiver Authored by Tsvetana Paraskova via OilPrice.com, India's crude oil imports have remained close to record-high levels in July despite the end of the U.S. waiver the previous month. The U.S. quietly let the waiver allowing the purchase of Russian oil loaded on tankers expire on June 17, just as the U.S. and Iran signed the memorandum of understanding to continue negotiations on a deal. Yet, Indian imports...
By Tyler Durden
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