India sends more vacuum gasoil to US as West shuns Russian oil
India stepped up vacuum gasoil (VGO) exports to the United States this year in an unusual trade flow for the oil product as the West seeks alternatives to replace Russian supplies, according to traders and data analytics firms.
The United States and Canada banned Russian oil imports over Moscow’s invasion of Ukraine, while sanctions from the European Union on Russian crude and oil products imports will take effect on December 5 and February 5, respectively. Meanwhile, India, the world’s third-largest oil importer, has been ramping up Russian crude imports and increasing oil product exports to the West for higher margins.
