Indian refiners faced a spike in crude costs, paying 74% more for heavy, acidic Venezuelan oil in April versus the previous year.
Sellers of Russian, Venezuelan and Iranian crude oil grades to India capitalized heavily in April on the conflict-related supply crisis, latest Indian government data shows, as a near-closure of the Strait of Hormuz paralyzed traditional Middle East crude flows.
Cheaper crude and Strait of Hormuz reopening boost outlook for Indian refiners
Indian refiners increase Russian and UAE oil imports ahead of Hormuz recovery
Indian refiners sitting on enough crude, in no rush to resume purchases from West Asia
India's Russian oil imports set to hit all-time high this month, ahead of Iran crude comeback
India Isn’t Rushing Back to Middle Eastern Oil Despite Hormuz Reopening | OilPrice.com
Indian refiners in no hurry to return to West Asian oil as Hormuz reopens
India’s Imports of Russian Oil Set for New Record High | OilPrice.com
The face of India's purchases of Russian crude is changing amid continued US pressure and a growing divide between state and…
Benchmark Brent fell to around $72 a barrel Thursday, down from an average of $99 in first week of June and $109 during the three…
In April & May, Indian refiners raised imported from Venezuela, Brazil, Angola and Nigeria to make up the shortfall, & continued…
Indian refiners topped up crude oil supplies from Russia, Venezuela and West Africa to compensate for lost cargoes from the…
Venezuela has emerged as India’s third-largest crude oil supplier so far in May, overtaking Saudi Arabia and the United States,…
Indian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela,…
