Indian refiners imported US$720 million worth of crude oil, or about 5,800 crore, from Russia in the first half of November amid uncertainty about the G7 countries imposing a price cap on Russian crude oil.
Inbound shipment from Russia from November 1-15 was the fourth highest in the last nine months. For comparison, in the first half of September 2022, India imported a record $1.35 billion in oil, an all-time fortnight high, data compiled by…
