(Reuters) – Russian oil imports to the European Union fell to 1.4 million barrels per day (bpd) in January from 2.5 million barrels per day (bpd) in January, according to the International Energy Agency (IEA).
India, China and Turkey have more than offset this drop in demand for Russian crude, increasing their purchases by about 1.2 million barrels a day through this summer, according to the IEA in its monthly oil market report.
Russia must divert another 1.1 million bpd to Asia or other destinations by December 5 if…
