According to data from analytics firm Kpler, Russia remained India’s top supplier of oil in September, despite heavy pressure from the United States for India to scale back its imports and choke off Russian President Vladimir Putin’s funding for his war in Ukraine.
India is also repairing its relations with China by restoring direct flights between the two nations for the first time in five years.
Most of the business India shaved from Russia went to Iraq, whose imports to India increased from 730,000 to 904,000 bpd in September.
“Russian barrels remain among the most economical feedstock options for Indian refiners given their high GPW margins…
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