“If Russian crude becomes difficult to procure, India would have to replace over 2.5-2.8 million bpd, which is a much larger challenge than it would have been before the breakout of the Russia-Ukraine…”
“Russian crude remains India's strongest supply hedge, and imports could potentially rise toward or even above 3.0 mbd if market conditions and Russian export availability permit," Sumit Ritolia, Lead…”
“Over the past few months, India's Russian crude imports have increased sharply from around 1.0 mbd to approximately 2.6 mbd, with July imports also tracking near record highs," says Sumit Ritolia.”
