India bought 40% of Russian Urals oil in Nov

India bought about 40% of all Urals seaborne export volumes loading in November, outperforming other states as buyers, Reuters calculations based on Refinitiv and traders' data showed on Monday.

Russian Urals oil shipments to India accounted for about 40% of the total sea exports of Urals in November, not including the transit of oil from Kazakhstan, which is sold as KEBCO, Reuters calculations showed.

Shipments to Europe, which was previously the largest consumer, amounted to slightly less than a quarter. Almost the entire volume was delivered to refineries, in which Russian oil companies hold shares.