NEW DELHI (Reuters) – India’s imports of Russian oil fell in August to a seven-month low as refiners curbed purchases due to planned maintenance outages at some plants and lower discounts for Russian grades.
However, oil imports from Saudi Arabia surged to a multi-month high, according to preliminary data from Kpler and Refinitiv trade flows.
Refiners in India have been snapping up discounted Russian oil after some Western buyers shunned purchases over Russia’s full-scale invasion of Ukraine in February last year.
