Whist this 12 months’s surge in Chinese language imports of Russian crude has not come on the expense of Gulf suppliers (MEES, 23 September), this can’t be stated about India.
Not like in China, the place Russia already vied with Saudi as high provider earlier than this 12 months, in India Russia has come from nowhere to problem Iraq and Saudi Arabia for high spot. While the most recent Indian import stats for August present Russian volumes barely down from the report near-1mn b/d figures recorded in June and July, Russia continues to push Iraq shut. (CONTINUED – 342 WORDS)
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