India’s Russian crude oil imports are set to reach a 10-month high in May, nearing 1.8 million barrels per day, driven by increased demand for lighter grades like ESPO Blend. This surge in demand from Indian refiners is expected to continue into July, impacting spot premiums for ESPO cargoes delivered to China as well.
India's Russian oil imports hit 10-month high on strong demand for ESPO crude
