SINGAPORE : Russian crude oil imports by China and India in May hit an all-time high as buyers gorged on discounted supplies, reducing demand for oil from the Middle East and Africa, according to preliminary assessments from ship trackers.The jump in Russian supplies comes ahead of a meeting between the O
SINGAPORE : Russian crude oil imports by China and India in May hit an all-time high as buyers gorged on discounted supplies, reducing demand for oil from the Middle East and Africa, according to preliminary assessments from ship trackers.
However, they are unlikely to deepen supply cuts at the Sunday meeting despite lower prices, four sources from the alliance told Reuters. Data from Kpler showed a similar trend, with India's imports hitting a record of 66.7 million barrels and China's rising to 49.2 million barrels.
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