India's Russian oil imports reach three-month high
after close1 source ↓written by the desknot a recommendation
- in March
- 1.61 mbpd
- of Russian crude
- 29.9 million barrels
India's seaborne imports of Russian crude oil are projected to hit 1.61 mbpd in March, marking the highest intake in three months. Major importers include IOCL at 8 million barrels, Reliance at 6 million barrels, and Nayara Energy at 5 million barrels. This surge reflects ongoing shifts in global oil supply dynamics amid geopolitical tensions. ⚡
• 29.9 million barrels of Russian crude already imported this month
• Potential for further increases as month-end approaches
• Traders should monitor fluctuations in oil prices and supply chains.
Not investment advice. For informational purposes only.