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Indian Imports of Russian Oil up 25-Fold From February – WSJ

New Delhi’s current imports make up more than a quarter of Europe’s imports of Russia crude and related products, the report said

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India's imports of Russian oil have jumped more than 25-fold since the start of the war as purchases climbed to an average of 1 million barrels per day in June against 30,000 in February, the WSJ said.
Trucks are parked near oil tanks at the Volodarskaya oil production facility owned by Transneft in Konstantinovo, near Moscow. Indian companies are exploring ways to keep Russian oil flowing, despite the latest round of sanctions from Europe and the West. Photo: Reuters.

 

India’s imports of Russian oil have jumped more than 25-fold since the start of the war as purchases climbed to an average of 1 million barrels per day in June against 30,000 in February, the Wall Street Journal reported, citing Kpler data.

New Delhi’s current imports make up more than a quarter of Europe’s imports of Russia crude and related products, the report said, citing International Energy Agency data.

 

Read the full report: The Wall Street Journal.

 

 

 

US Lets India, China Keep Russia Oil Tap Open For Now – WSJ

 

US Won’t Object to China’s ‘Strategic’ Russia Oil Purchases

 

Asian LNG Prices Rise as Markets Fear Effects of Russia Oil Ban

 

 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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