India’s Russian Oil Imports Are Set to Hit a Six-Month High

Indian refiners are on track to buy the most Russian crude in six months this December, despite U.S. sanctions on Russia’s top two exporters that went into effect in late November. The average daily arrivals of Russian oil in India are estimated at 1.85 million barrels, according to data from Kpler, cited by Reuters’ Clyde Russell. That would be up from 1.83 million barrels daily in November and the highest since June, when Indian buyers imported Russian crude at a rate of 2.1 million barrels daily. The November figure itself was a…