New York is buying an unusually large amount of gasoline and diesel from India — a country that has become a top outlet for sanctioned Russian oil.
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