Crude oil procurement from Russia at record level, import of 1.27 million barrels per day


Crude Oil Import: India’s buy of crude oil from Russia has been greater than the standard suppliers of West Asia for the fourth consecutive month in January. Refinery firms are repeatedly shopping for Russian crude oil accessible at a reduction. Earlier than the beginning of the Russo-Ukraine struggle, the share of Russian oil in India’s imports was lower than one per cent. In accordance with vitality cargo tracker Vortexa, India’s crude oil imports from Russia rose to a document excessive of 1.27 million barrels per day in January. On this manner, the share of Russian crude oil in India’s imports has elevated to twenty-eight p.c.

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