India's Crude Oil Imports Rise in November, Russian Supply Continues Amid Sanctions
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India's Crude Oil Imports Rise in November, Russian Supply Continues Amid Sanctions

India's crude oil imports increased by 0.2% in November to 21.06 million metric tons, the highest since March, and 11.1% year-on-year. Imports of crude oil products decreased by 8.6% annually. Despite sanctions, India's Russian oil imports are expected to exceed 1 million barrels per day in December, as refiners resume purchases from discounted sources. Meanwhile, Chennai Petroleum Corp plans refinery capacity expansion.

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