China boosts imports of Russian crude, stymieing India's refiners

China’s growing demand for Russian crude oil is impacting India’s supply. India’s imports from Russia’s European ports have significantly decreased recently. This shift means India struggles to replace its reduced Russian oil volumes. Consequently, India’s total crude imports have reached their lowest point since the conflict. This situation could worsen Asia’s existing refined product supply crisis.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *