India’s crude oil imports from the Middle East surged last month and returned to pre-war levels.
India’s crude oil imports from the Middle East surged last month and returned to pre-war levels. Reuters, citing ship-tracking data, reported that India’s refineries reduced purchases of Russian oil amid intense competition with China. India’s imports from the Middle East rose last month to 2.8 million barrels per day, and the Middle East’s share of India’s total imports increased to more than 54%. Russian oil…

