India's record oil imports hit 5.6 million bpd as Middle East, Russia supplies rise: Report

India witnessed a notable rise in crude oil imports, reaching approximately 5.6 million barrels per day in October.

A significant portion, around 2.3 million bpd, came from the Middle East, with Russian shipments also holding a firm position at nearly 2 million bpd.

Yet, increasing freight costs might diminish the desirability of Russian oil moving forward.

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Source attribution: Times of India – Business.

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