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India Becomes Europe’s Largest Supplier of Refined Oil | Saudi Arabia in 2nd Place
India has become Europe’s largest supplier of refined fuels this month, according to data from analytics firm Kpler. This is while simultaneously buying record amounts of Russian crude, according to data from Kpler.
Europe’s dependance on Indian crude oil products has risen since the ban on Russian oil. Europe’s refined fuel imports from India are set to surge above 360,000 barrels a day, edging just ahead of those of Saudi Arabia, according to Kpler’s data.
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