BACKGROUND-

India, the world's No. 3 oil importer, boosted Russian oil imports in April to about 277,000 barrels per day, up from 66,000 bpd in March as refiners snap up cheaper oil shunned by many Western countries and companies. China is also picking up discounted Russian oil https://t.co/45UEfD6Fe1

— Phil Stewart (@phildstewart) May 19, 2022