India tops Russian Urals oil purchases in June as China retreats: Report
India bought 60 per cent of all Russian Urals oil exports in June with strong demand from all refiners, while shipments to China dropped to just 7 per cent as independent refiners slowed buying, trading sources and Refinitiv Eikon data showed.
Urals is Russia’s main export grade from its European ports and represents about a half of total Russian oil exports. The country, subject to severe Western sanctions over its actions in Ukraine, also exports oil from its Pacific ports, its Arctic ports and via a direct pipeline to China.
