India ramps up purchases of Russian oil – Reuters ...News

Moscow’s share in the South Asian nation’s oil imports rose to a record level in June, according to trade data India’s oil imports from Russia soared to a record of around 950,000 barrels per day (bpd) in June, accounting for nearly a fifth of its overall imports, Reuters reported on Monday, citing data provided by trade sources.The report indicated that Indian refiners have been buying up Russian oil sold at hefty discounts to Brent and crude from the Middle East. According to data, crude imports from Russia jumped 15.5% in June from May, while those from Iraq and Saudi Arabia dropped by 10.5% and 13.5%, respecti

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