After falling in August, India’s imports of Russian and Iraqi oil recovered in September, most likely due to their price advantage over comparable Saudi Arabian crude grades, even as India’s overall crude oil imports slumped to their lowest this year as the refinery maintenance shutdown season kicked in, shows an analysis of data from commodity market analytics and intelligence firm Kpler.
India’s Russian oil imports had fallen to a seven-month low of 1.55 million barrels per day (million bpd) in August.
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