India’s oil imports from Russia surge to 10-month high on...

India’s oil imports from Russia surge to 10-month high on strong demand for light crude

Posted

India's Russian crude oil imports are surging, projected to hit a 10-month high in May, driven by increased demand for lighter grades like ESPO Blend. This surge, fueled by refinery shutdowns and favorable margins, occurs ahead of new EU and UK sanctions. Consequently, ESPO premiums for China have risen as more barrels are diverted to India.

Read Full Article

Effettua l'accesso per mettere mi piace, condividere e commentare!