Russia Boosts Crude Sales To India’s Top Refiner ...Middle East

Rosneft, the largest oil producer in Russia, will ship seven crude cargoes to India’s top refiner, Indian Oil Corporation, this month, traders with knowledge of the deals told Reuters on Friday. Since the beginning of the Russian war in Ukraine, India – a price-sensitive crude buyer that has criticized OPEC and OPEC+ for keeping oil prices “artificially high” – has increased its purchases of Russian crude. Before the war, Indian refiners rarely bought oil from Russia at such a scale because of high freight costs. …

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