New shipping data has revealed just how much more Russian crude is heading to India following the invasion of Ukraine.
A report from S&P Global Market Intelligence shows India’s seaborne crude imports surpassed 4.8m barrels per day (bpd) in April, the highest on record.
This was due to more barrels coming into the country from Russia, but also the Middle East, displacing cargoes from further afield, such as the US, Canada and West Africa.
