Days ago Reuters reported that Indian imports of Russian oil surged in June, reaching 950,000 barrels of cheap Russian oil per day. From May (where India imported 819,000 bpd) this marked a 15.5% rise, while simultaneously imports from its number one and (now) number three suppliers – Iraq and Saudi Arabia – dropped 10.5% and 13.5%, respectively. And this is a massive leap up from from the 277,000 bpd imported in April. The Reuters report further underscored that as the West
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