India’s Imports of Russian Oil Set for New Record High

India is set to import a record-high volume of Russian crude in June as the Hormuz crisis and the U.S. waivers on Russia’s barrels have pushed the world’s third-largest crude importer to gorge on Moscow’s oil again.

India has imported 2.6 million barrels per day (bpd) of Russian crude oil so far in June, according to preliminary vessel-tracking data from commodity analytics firm Kpler cited by Indian media.

So far this month, Russian crude has accounted for as much as 53.5% of all Indian oil imports, per the data.   …