Trade data shows Indian refiners turn to Latin America, Africa to replace Russian oil in Feb

Trade data shows Indian refiners turn to Latin America, Africa to replace Russian oil in Feb

India’s crude oil imports from Latin America and Africa rose marginally in February as refiners turned to alternative sources, fearing a loss of Russian oil supplies caused by tighter US sanctions, data from trade sources shows. India’s oil imports from African nations rose to about 330,000 barrels per day (bpd) in February from 143,000 bpd in January, while those from South America rose 60% to 453,600 bpd, the data showed, Reuters reported. In …