India now buying 33 times more Russian oil than a year earlier

India bought a record amount of Russian oil last month, with the country importing a whopping 33 times more than a year earlier.

The world’s third-biggest crude importer purchased an average of 1.2 million barrels a day from Russia in December, according to data from Vortexa Ltd. That’s 29% more than in November.
 

The country is now easily India’s biggest source of oil after overtaking Iraq and Saudi Arabia several months ago.  
 

Indian refiners have been lapping up cheap Russian crude since the invasion of Ukraine caused many buyers to shun the shipments. The sharp increase in December is possibly the