India’s Oil Imports From Russia Jump 33 Times To Record High

India’s imports of Russian crude oil hit a record high of 1.2 million barrels per day (bpd) in December, as deep discounts on Russian crude when the price cap entered into force made India the top destination for Russia’s oil, ahead of China, Bloomberg reported on Monday, citing data from energy analytics firm Vortexa. India’s crude oil imports from Russia were 33 times higher in December 2022 than in December 2021, as India has emerged as a top buyer of Russian crude after the Russian invasion of Ukraine. Before the invasion…