Svmuu News: Vessel tracking data shows that more than 15 million barrels of Russian crude oil are currently in waters near India, providing a way for India to quickly address supply shortages from the Middle East following the U.S. issuance of a temporary license allowing such purchases. This crude is distributed across more than a dozen tankers in the Arabian Sea and the Bay of Bengal; it appears to be unsold or without a designated port of destination and is expected to arrive in India within a week. Additionally, about eight vessels carrying approximately 7 million barrels of Urals crude are on standby in Singaporean waters and may also reach India within a week. Furthermore, more cargo is being transported eastward via the Mediterranean Sea and the Suez Canal and is expected to arrive in India within a month. Kpler data shows that tankers loaded with Russian oil had already begun altering their course toward Indian ports before the U.S. government issued the license late Thursday evening; currently, about 18 Urals crude tankers are shown heading toward India. Sumit Ritolia, an analyst at the data intelligence firm, stated: “Refiners may quickly resume purchases, and daily procurement volumes are expected to exceed 2 million barrels in the short term. The deep discount previously seen on Russian crude could narrow significantly, or even turn into a premium.” (Jin Shi)