Russian oil supplies to India recover in March, sources sayThe resumption of Russian oil supply to India is easing a supply crunch caused by stringent US sanctions imposed on Moscow.
Last Updated IST
A tanker carrying barrels of Russian fuel oil
Reuters
New Delhi/Moscow: India's Russian oil imports recovered in March, returning near usual levels after a 3-month decline, as non-sanctioned vessels were delivering cargoes, while some supplies have been diverted from Turkey, according to five trade sources and shipping data.
The resumption of Russian oil supply to the world's third-largest oil importer and consumer is easing a supply crunch caused by stringent US sanctions imposed on Moscow for the invasion of Ukraine, cooling prices for rival Middle East grades.