Russia's oil supplies to India is reportedly set to exceed 2mln BPD in April-May on strong demand, sources suggest; new US waiver on Russian oil may boost additional demand
Context
The report on Russia's oil supplies to India potentially exceeding 2 million barrels per day (BPD) is significant as it highlights a surge in demand from India, possibly impacting global oil prices. Moreover, the introduction of a new US waiver on Russian oil could further stimulate this demand, creating ripple effects in the oil markets and influencing WTI prices.
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