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India Hits the Russia Reset Button as Oil Flows Hit Near-Record Levels

India has more than doubled Russian crude intake month-on-month in March reaching 2.1 million b/d, rapidly absorbing previously stranded barrels. The temporary easing of U.S. sanctions on Russian crude has rapidly redrawn global oil flows, with India stepping back in as the dominant buyer of previously distressed barrels. Even as overall imports are about to ease seasonally, Russian volumes in... [6690 chars]

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