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Russian Oil Imports Hit 10-Month High on Demand for ESPO Crude
Hindustan Times Jammu
|May 22, 2025
India's Russian crude oil imports will hit close to 1.8 million barrels per day in May, the highest in 10 months, ship tracking data from Kpler showed, after refiners snapped up more light grades such as ESPO Blend.
SINGAPORE/NEW DELHI:
The robust demand for the lighter Russian grades in the world's third biggest oil importer and consumer is expected to last into July as Indian refiners ordered more than 10 cargoes of June-loading ESPO crude last week, traders said. The purchases took place prior to the latest sanctions by the EU and Britain on Moscow's "shadow fleet" of oil tankers and financial firms.
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