Take Your Trading To The Next Level. Get Started Here!

India’s long-term appetite for Russian crude intact despite recent slowdown

December 6, 2023 Comments Off

India’s insatiable appetite for Russian crude has suddenly slowed due to a rise in Middle Eastern flows, widespread refinery maintenances and increased scrutiny on ships carrying Russian oil, but inflows are likely to bounce back in coming months and help the largest non-OPEC exporter maintain its position as the country’s top supplier in the foreseeable future. After rising to an…