In July, India surpassed China as the largest importer of Russian oil, with imports reaching a record 2.07 million barrels per day (bpd), or 44% of India's total oil imports. This increase was driven by discounted Russian crude following Western sanctions against Russia. In contrast, China imported 1.76 million bpd from Russia due to lower profit margins for Chinese refiners. India's growing demand for Russian oil is reshaping global trade flows, as traditional buyers like China reduce their purchases.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.