US media: Oil tankers carrying Russian crude are shifting from the Chinese market to India.
After the US approved India's temporary increase in purchases, Indian refiners bought 30 million barrels of Russian crude within a week to compensate for lost Middle Eastern supplies due to the Iran war. At least seven oil tankers originally heading to China have changed course to India, including the Aframax tanker Aqua Titan (carrying Urals crude, originally bound for Rizhao Port, now scheduled to arrive at New Mangalore on March 21) and the Suezmax tanker Zouzou N. (carrying Kazakhstan CPC blend crude, now expected to arrive at Sikka on March 25).
All major Indian refiners are now involved in the purchase, and countries such as Japan and South Korea are also allowed to resume buying, which may drive up Russian oil prices.
Original article: toutiao.com/article/1859992800746500/
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