India Reshuffles Trade to Circumvent Russian Oil Sanctions

India’s crude oil imports from Iraq jumped in January to 1.1 million barrels per day (bpd) as cargo arrivals from all key Indian suppliers rose last month, Shafaq News reports, citing data from trade sources.  Thus Iraq remained the second-biggest crude oil supplier to India, which is the world’s third-largest oil importer.  Arrivals of Russian crude also rose in January, as cargoes were contracted weeks before the latest U.S. sanctions on Russia’s oil trade network from January 10, which upended global trade flows with…