India’s daily crude oil imports from its top supplier Russia are expected to rise in February from the previous month, helped by resumption of the light sweet Sokol grade, preliminary ship tracking data showed.
However, India’s Russian oil imports are expected to slow in the coming months as the United States steps up shipping sanctions, forcing refiners to look for alternatives.
The latest sanctions target Russia’s leading tanker group Sovcomflot, which Washington accuses of being involved in violating the G7 price cap, as well as 14 tankers tied to the shipping company.
