India's Imports Of Russian Oil Set For New Record High

India is set to import a record-high volume of Russian crude in June as the Hormuz crisis and the U.S. waivers on Russia’s barrels have pushed the world’s third-largest crude importer to gorge on Moscow’s oil again, OilPrice reported.India has imported 2.6 million barrels per day (bpd) of Russian crude oil so far in June, according to preliminary vessel-tracking data from commodity analytics firm Kpler cited by Indian media.So far this month, Russian crude has accounted for as much as 53.5% of all Indian oil imports, per the data. Russian crude now makes up HALF of India’s oil imports in June!

India is importing 2.66 million barrels per day of Russian oil — which is nearly 40% higher than May.

This has strengthened Russia’s position as India’s largest oil supplier.

Key Points:

• Russian oil share has… pic.twitter.com/A5zWie3U4B