Russian crude meanders, flows in via distributaries
New Delhi: Russia’s oil shipments to India rebounded sharply after plunging in the first half of November, indicating increasing workarounds by Russian suppliers and renewed confidence among Indian refiners.
Loadings on to India-bound tankers from Russian ports averaged 1.27 million barrels per day (mbd) in November, almost double the 672,000 barrels per day (bpd) recorded in the first 17 days of the month, according to Kpler, a global real-time data and analytics provider.
