India’s refiners are coming to the aid of Russia’s oil exporters, with record amounts of their crude being delivered to the south Asian nation.
More than 2.3 million barrels a day of Moscow’s oil was offloaded at Indian ports last month, vessel-tracking data compiled by Bloomberg showed, with deliveries so far in July close to that level. That’s up from almost nothing before the Kremlin’s invasion of Ukraine more than four years ago, and is helping to keep a lid on cargoes of Russian oil mounting up at sea.
