India’s Oil Imports From Russia Extend Decline Ahead of Curbs
- Volumes fall to 2.09 million barrels a day in July, Kpler says
- August shipments could slide to the lowest level since January
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India’s imports of Russian oil dropped for a second month and are expected to slip even further as the key OPEC+ producer starts trimming exports in August to help balance the global market.
Daily volumes fell to 2.09 million barrels last month, down from 2.11 million barrels a day in June, according to Viktor Katona, the head of crude analysis at Kpler. Inbound shipments from Saudi Arabia also dipped, while Iraqi imports rose to a five-month high, preliminary data from the analytics firm show.