Middle East share of India’s Nov oil imports at 9-month high; Russia down
Mon, Dec 23, 2024 2:19 PM

Middle East share of India’s Nov oil imports at 9-month high; Russia down

A Flip by Avya Verma
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India’s November crude imports showed Middle Eastern oil at a 9-month high while Russia accounted for its smallest share in three quarters, ship tracking data obtained from sources showed. Refiners in India have been gorging on cheaper Russian oil despite problems posed by sanctions aimed at reducing Moscow’s oil revenue to fund its war in Ukraine.

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