India’s Oil Imports Set for Record High in January ...Middle East

OILPRICE - Economy
India’s Oil Imports Set for Record High in January
source : OILPRICE ( Middle East ) () 42
India is on track to import record-high volumes of crude oil and condensate in January as refiners boost non-Russian purchases to replace barrels lost to U.S. sanctions, energy flow tracking firm Vortexa said in a report on Wednesday India’s crude and condensate imports will likely hit 5.2 million barrels per day (bpd) this month—a new record, as deliveries of cargoes laden with non-Russian oil surged. The jump in non-Russian crude imports is set to more than offset the decline in India’s imports of Russian crude, according to…

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