According to data from Kpler, New York has purchased around 89,000 barrels a day of gasoline and diesel this month from from India. That's the most amount of fuel New York has purchased from the nation in nearly four years and that fuel is likely being made using banned Russian oil, of which India has become a top buyer amid western sanctions.
Russian oil has been shunned by the west since the country invaded Ukraine last February. But the energy superpower has been handing off its excess crude supplies to China and India–in record amounts.
India in particular began purchasing record amounts of crude oil from Russia and New York has been purchasing growing amounts of Indian fuel as European exports have fallen off in the past few months. That could worsen the EU bans.
Comment:
The US/EU Sanctions on Russian energy resulted in lower energy cost to China and India, and higher cost of energy to EU and USA.
Just a" Foolish" thought.
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