Washington DC, Aug. 2 -- Indian oil refiners continue to source oil from Russian suppliers, sources told ANI.

Their supply decisions are guided by price, grade of crude, inventories, logistics and other economic factors, the sources revealed.

Providing context for India's decision to continue sourcing oil from Russian suppliers, sources said that Russia, the world's second-largest crude oil producer with an output of around 9.5 mb/d (nearly 10% of global demand), is also the second-largest exporter, shipping about 4.5 mb/d of crude and 2.3 mb/d of refined products. Fears of Russian oil being pushed out of the market and the consequent dislocation of traditional trade flows drove dated Brent crude prices to soar to US $137 per barrel in ...