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Image Credit: Bloomberg Quint

India's Russian Oil Buy Hits 11-Month High In June

  • India's import of crude oil from Russia reached an 11-month high in June at 2.08 million barrels per day.
  • Russian crude oil imports surged due to steep discounts offered by Russia post their invasion of Ukraine in 2022.
  • India's second-largest crude supplier was Iraq in June, followed by Saudi Arabia and the UAE.
  • Crude oil inflows from Brazil grew significantly by about 80% in the six-month period.

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