U.S. Sanctions Drive Russian Oil Shipments to India to Three-Year Lows

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India is expected to import 1.1 million barrels per day (bpd) of Russian crude in December—volumes that would be sharply down from November and the lowest level in just over three years, as U.S. sanctions on Russia’s top oil producers spooked Indian refiners who scramble to source non-sanctioned Russian supply. The Russian flows in December would be 1.1 million bpd, down from an estimated 1.84 million bpd in November, according to vessel-tracking data from analytics firm Kpler cited by Bloomberg. The expected flows in December would…