Cheap Russian crude oil is attracting India’s price-sensitive buyers to the point that Russia became the fourth largest oil supplier to India in April, moving up from the 10th place in March, according to shipment-tracking data compiled by Reuters. India, the world’s third-largest crude oil importer, significantly boosted its imports of Russian crude last month, when shipments averaged 277,000 barrels per day (bpd), per the tanker-tracking data compiled by Reuters from trade sources. This compares with India’s imports of some…
