Russia overtook Iraq to become the single-largest oil supplier to India in November, as Indian refiners raced to stock up on Russian oil ahead of the December 5 price cap and associated bans on transportation services for Russia’s crude, Reuters reported on Wednesday, citing data obtained from trade sources.
Overall, Indian imports in November averaged around 4 million barrels per day (bpd), down from October, due to maintenance at some refiners. Russia supplied a massive 23% of all the crude imports to India last month, or 908,000…Russia Becomes India’s Top Oil Supplier
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