Kpler says weaker demand by China has freed up Russian, African & US crude for Asian buyers, helping refiners in India & elsewhere cushion the impact of Hormuz disruptions.

Indian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela, Brazil, Angola, and Nigeria increased. Russia remained…

In April & May, Indian refiners raised imported from Venezuela, Brazil, Angola and Nigeria to make up the shortfall, & continued to buy Russian oil, data from Kpler show.

Indian refiners have increased crude imports from Latin America and Africa due to disrupted Middle Eastern supplies caused by the Israeli-U

India is rapidly diversifying crude imports away from the Middle East as the Strait of Hormuz disruption cuts access to key Gulf suppliers like Iraq, Kuwait, and Qatar.

Kpler says weaker demand by China has freed up Russian, African & US crude for Asian buyers, helping refiners in India & elsewhere cushion the impact of Hormuz disruptions.