India is buying more and more cheap Russian oil and refining it into fuel for Europe and the US.
India shipped about 89,000 barrels a day of gasoline and diesel to New York last month, the most in nearly four years.
Daily low-sulfur diesel flows to Europe were at 172,000 barrels in January, the most since October 2021.
When Russian crude is processed into fuels the refined products can be delivered to the EU because they’re not deemed to be of Russian origin.
Oil’s New Map: How India Turns Russia Crude Into the West’s Fuel (yahoo.com)
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