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Crude one-upmanship: G7 oil price cap on Russia turns on the US tap

The US shipped a record 450,000 barrels/day to India in November

Russian Oil, crude oil, oil, oil prices
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Photo: Bloomberg

S Dinakar Amritsar
Crude oil shipments from the US to India rose to the highest levels in November since the conflict began in Ukraine in late February, sparking hopes of a resurgence in oil flows from the US to the subcontinent, reveals shipping data.

Shipments from the US have surged as Western nations prepare to impose additional sanctions on Russian crude flows.

The US shipped around 450,000 barrels per day of crude last month to India, over twice that of shipments in September and October, according to data from London-based commodity intelligence provider Vortexa. That compares with around 200,000 barrels per day in