India’s Imports of Russian Oil Set for New Record High
Market Intelligence Analysis
AI-Powered 50% FREE-ANALYSIS-RULE-BASED-ANALYSISFinancial market analysis indicating neutral sentiment based on current trends.
Article Context
India is set to import a record-high volume of Russian crude in June as the Hormuz crisis and the U.S. waivers on Russia’s barrels have pushed the world’s third-largest crude importer to gorge on Moscow’s oil again. India has imported 2.6 million barrels per day (bpd) of Russian crude oil so far in June, according to preliminary vessel-tracking data from commodity analytics firm Kpler cited by Indian media. So far this month, Russian crude has accounted for as much as 53.5% of all Indian oil imports, per the data. …
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- free-analysis-rule-based-analysis OIL Neutral Confidence: 50%
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Financial market analysis indicating neutral sentiment based on current trends.
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