U.S. penalty risk on Russian oil may add $9-11 billion to India’s import bill, analyst say

U.S. penalty risk on Russian oil may add $9-11 billion to India’s import bill, analyst sayKpler data shows a notable value in India’s Russian crude imports in July (1.8 million bpd versus 2.1 million bpd in June), aligning with seasonal refinery maintenance and weaker monsoon-driven demand.

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