India's Russian crude imports to exceed 1 mmbbl/d in December
after close1 source ↓written by the desknot a recommendation
- mmbbl/d in December
- 1 million barrels per day
- arrivals could reach
- 1.2 mmbbl/d
- by month-end
- 1.5 mmbbl/d
- in November imports
- 3.4% increase
- despite US sanctions
- 1.77 mmbbl/d
India's imports of Russian crude oil are projected to surpass 1 million barrels per day (mmbbl/d) in December, defying expectations of a decline. Preliminary data suggests arrivals could reach 1.2 mmbbl/d, with some sources estimating an average of 1.5 mmbbl/d by month-end. This uptick follows a 3.4% increase in November imports to 1.77 mmbbl/d despite US sanctions on major producers.
Not investment advice. For informational purposes only.