Russian Oil Tankers Rerouted From China to India as Imports Rise
Bloomberg reports that at least seven Russian oil tankers changed course mid-voyage, while India bought about 30 million barrels of Russian crude in one week.
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Terms & Concepts
Crude oil imports: Purchases of unrefined petroleum from foreign suppliers for domestic refining or consumption.
Mid-voyage rerouting: A shipping change in destination after a vessel has already departed, often reflecting shifts in demand or trade flows.