{"id":547824,"date":"2023-01-17T09:36:44","date_gmt":"2023-01-17T04:06:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=547824"},"modified":"2023-01-17T10:15:08","modified_gmt":"2023-01-17T04:45:08","slug":"india-now-buying-33-times-more-russian-oil-than-a-year-earlier","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-now-buying-33-times-more-russian-oil-than-a-year-earlier\/","title":{"rendered":"India now buying 33 times more Russian oil than a year earlier"},"content":{"rendered":"<p>India bought a record amount of Russian oil last month, with the country importing a whopping 33 times more than a year earlier.<\/p>\n<p>The world\u2019s third-biggest crude importer purchased an average of 1.2 million barrels a day from Russia in December, according to data from Vortexa Ltd. That\u2019s 29% more than in November.<\/p>\n<p>The country is now easily India\u2019s biggest source of oil after overtaking Iraq and Saudi Arabia several months ago.<\/p>\n<p>Indian refiners have been lapping up cheap Russian crude since the invasion of Ukraine caused many buyers to shun the shipments. The sharp increase in December is possibly the result of deepening discounts due to additional sanctions from the G-7 and European Union including a $60-a-barrel price cap.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India bought a record amount of Russian oil last month, with the country importing a whopping 33 times more than a year earlier. The world\u2019s third-biggest crude importer purchased an average of 1.2 million barrels a day from Russia in December, according to data from Vortexa Ltd. That\u2019s 29% more than in November. The country is now easily India\u2019s biggest source of oil after overtaking Iraq and Saudi Arabia several months ago. Indian refiners have been lapping up cheap Russian crude since the invasion of Ukraine caused many buyers to shun the shipments. The sharp increase in December is possibly [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-547824","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/547824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=547824"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/547824\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=547824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=547824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=547824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}