India’s Russian oil imports in September declined only slightly compared to August, indicating that the American rhetoric and pressure on New Delhi over its heavy purchases of Moscow’s oil has had no telling impact yet on Indian refiners’ oil purchases. India-bound crude oil loadings at Russian ports in September were also largely stable at August levels, shows provisional tanker data. Although there are evident signs of growing diversification in India’s oil sourcing, the import basket continues to be dominated by Russia, which commanded over one-third share in India’s total oil imports in September.

India’s Russian oil imports in September were 1.60 million barrels per day (bpd) in September, down 5.4 per cent from August levels, according to provisional vessel tracking data from global

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