India's Russian oil imports surge to a record in January: Trade sources - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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India's Russian oil imports surge to a record in January: Trade sources

Last month Russian oil accounted for about 27% of the 5 million bpd of crude imported by India, the world's third-biggest oil importer and consumer, the data showed. India's oil imports typically rise in December and January as state-run refiners avoid maintenance shutdowns in the first quarter to meet their annual production targets fixed by the government.

from Industry-Economic Times
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