India witnessed a notable rise in crude oil imports, reaching approximately 5.6 million barrels per day in October. A significant portion, around 2.3 million bpd, came from the Middle East, with Russian shipments also holding a firm position at nearly 2 million bpd. Yet, increasing freight costs might diminish the desirability of Russian oil moving forward.
India witnessed a notable rise in crude oil imports, reaching approximately 5.6 million barrels per day in October. A significant portion, around 2.3 million bpd, came from the Middle East, with Russian shipments also holding a firm position at nearly 2 million bpd. Yet, increasing freight costs might diminish the desirability of Russian oil moving forward.