Buyers of India’s exports may target that cargo, given the possibility that some of the diesel or petrol was refined out of Russian crude
Launceston —
June imports are estimated at 1.05-million bpd, meaning that Russia's share of India's total imports will rise to just under one quarter, a dramatic spike considering that they were about 2% of the total in 2021. Other importers of Russian crude have said they also aim to either end or reduce their purchases, including major buyers of Russia’s Pacific exports such as Japan and South Korea.
The same port exported 2-million barrels of diesel, or about 64,500 bpd, to Australia in May, according to Kpler.
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