India's crude oil imports from Latin America and Africa rose marginally in February as refiners turned to alternative sources, fearing a loss of Russian oil supplies caused by tighter U.S. sanctions,

India's crude oil imports from Latin America and Africa increased slightly in February, as refiners sought alternative sources amid concerns over U.S. sanctions on Russia. Russian oil imports fell by 3%,

Indian imports of Russian crude oil are rebounding in March after a decline earlier in the year, as traders secure non-sanctioned tankers and Urals crude falls below the G7 price cap.

In the first 10 days of March, Russian crude oil loadings for India were at around 590 thousand barrels per day (bpd), lower than 1.14 million bpd to China, showed data from commodity market analytics firm Kpler.

India's Russian oil imports recovered in March, returning to near usual levels after a 3-month decline, as non-sanctioned vessels were delivering cargoes, while some supplies were diverted from Turkey,

Non-sanctioned vessels were delivering cargoes, while some shipments were diverted from Turkey. The flow recovery to the world's third-largest oil importer and consumer is easing a supply glut and lowering prices for rival Middle East grades.

India’s state-owned refiners are in talks with traders selling Russian crude. These discussions indicate that there is sufficient supply to meet the current demand, according to a Bloomberg report. This eases concerns that the flow of crude could slow down in the coming months due to the recent US sanctions.