India’s US Crude Oil Imports Surge 80% to 540K BPD Amid Sanctions
India’s US crude oil imports have surged to a multi-year high, reaching 540,000 barrels per day (bpd) as of late October (Kpler data). This figure marks a significant 80% jump compared to the year-to-date average of 300,000 bpd. The sharp increase, the highest since 2022, is driven by favorable arbitrage due to a strong Brent-WTI…