Russia Oil Exports To India Soar On Sanctions

Exports of Russian crude oil to India have surged since the start of the month as sanctions bit in, forcing traders in Europe to avoid Russian cargos, the Financial Times reported, citing data from Kpler. The average daily rate of Indian purchases of Russin crude has stood at 360,000 bpd, which was four times the rate of daily purchases last year, the report noted. "Already committed oil cargoes from Russia that can't find buyers in Europe are being bought by India," Alex Booth, head of research at Kpler, told the FT. "Exports to India surged in…