Russia Seen Favoring India Even as China’s Oil Demand Rebounds
- Russia shipped 1.85 million b/d to India in February: Kpler
- Russian oil deliveries to India are on delivered-at-port basis
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Russia will keep selling as much oil as it can to India despite the rebound in Chinese demand, according to commodity-data firm Kpler.
India purchased almost no Russian oil a year ago, but has become a crucial market after the US and European Union imposed sanctions on Moscow. The Asian country imported around 1.85 million barrels a day from Russia in February, close to its potential maximum of about 2 million barrels a day, said Viktor Katona, lead crude analyst at Kpler.