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Europe's imports of diesel from India, one of the biggest buyers of Russian crude, are on course to soar to 305,000 barrels a day, the most since at least January 2017, data from market-intelligence firm Kpler show
India saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year, according to calculations based on government data.
India bought Russian oil at an average price of about $81.7 per barrel, compared to about $86 per barrel in August, according to Reuters' calculations based on the latest data posted on the Indian Trade Ministry's website.
Between 2017 and 2019, India consistently bought Venezuelan crude, which comprised 5-7% of its total oil imports.
Between 2017 and 2019, India consistently bought Venezuelan crude, which comprised 5-7% of its total oil imports.