About 89,000 barrels per day of Indian gasoline and diesel will reach New York this month, the most in nearly four years. This accounts for more than 40% of the region’s total imports for January, according to Kpler data compiled by Bloomberg. That’s a jump from an average of 5% last year.
These imports are a crucial replacement of European fuel shipments, which have slowed in recent months and will likely dry further once new Russian sanctions begin Feb. 5.
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