India's Oil Sourcing Stays Concentrated on Russia and UAE
Government data shows India cut its oil imports from the US and Russia in September. Imports from the UAE rose, and Russia and the UAE together still supplied 60 percent of India's oil imports. The shift coincided with the Russia Sanctions Act, according to the report.
Context
Context: India is one of the world's largest oil importers and buys crude from several countries to keep supplies steady. Sanctions on Russian oil by Western countries can change which suppliers are cheapest and easiest for Indian refiners to use.
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