US extends India’s Russian crude waiver amid Gulf supply crisis
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The US has extended India's waiver on Russian crude imports for 30 days, crucial for maintaining supply amid Gulf shipping disruptions. Russian oil constitutes nearly half of India's imports, with May deliveries expected at 2.1 million barrels per day. However, India's crude reserves have fallen to 90 million barrels, sufficient for only a few weeks of consumption at current demand levels.
Source: MSN The copyright of this article belongs to the original author/organization.
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