Oil Refineries
Data shows that India's Russian oil imports dropped in July and the LatAm supply was largely ignored.
According to data and trade sources, India's Russian imports fell in July, after a jump the month before. This was because some refiners reduced purchases due to lower discounts. Indian fuel demand is also known to drop during the monsoon. The third largest oil consumer and importer in the world, India, is likely to see further slowdowns of Russian oil imports during August and September. Indian refiners have halted Urals crude purchases due to smaller discounts while U.S. president Donald Trump has warned India to stop buying Russian oil. The data shows that India imported 1.5 millions barrels of Russian...