India's crude oil imports from Latin America and Africa rose marginally in February as refiners turned to alternative sources, fearing a loss of Russian oil supplies caused by tighter U.S. sanctions,

India's crude oil imports from Latin America and Africa increased slightly in February, as refiners sought alternative sources amid concerns over U.S. sanctions on Russia. Russian oil imports fell by 3%,

India’s imports of crude oil from Russia slumped this month to the lowest level since January 2023, according to data analytics company Kpler, underlining how stringent US sanctions have disrupted supply chains.

India's Russian oil imports recovered in March, returning to near usual levels after a 3-month decline, as non-sanctioned vessels were delivering cargoes, while some supplies were diverted from Turkey,

In the first 10 days of March, Russian crude oil loadings for India were at around 590 thousand barrels per day (bpd), lower than 1.14 million bpd to China, showed data from commodity market analytics firm Kpler.

Non-sanctioned vessels were delivering cargoes, while some shipments were diverted from Turkey. The flow recovery to the world's third-largest oil importer and consumer is easing a supply glut and lowering prices for rival Middle East grades.