Russian oil imports to India are growing due to increased Far Eastern supplies

According to Bloomberg, Russian oil imports to India are expected to reach a 10-month high in May thanks to an increase in shipments from eastern ports. This rebound in supplies follows a drop in February due to US restrictions.

Indian refiners have adapted to the situation by using tankers not subject to US measures and re-establishing supply chains with various intermediaries. Moreover, in April India imported Sokol crude from Russia's eastern ports for the first time since October, as the agency's experts emphasize.

According to the analytical company Kpler, this month, the South Asian country bought 1.98 million barrels of oil per day from the Russian Federation. Meanwhile, a significant part of its volume consisted of the Urals grade. As Bloomberg analysts highlight, Indian imports of Russian crude have resumed their upward trajectory after experiencing February's trade disruption-induced decline.