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India ramps up Russian, UAE oil purchases as refiners hedge ahead of Hormuz full reopening
India increased crude oil purchases from Russia and maintained near-record imports from the UAE in June as refiners moved to secure supplies while waiting for a full recovery in Gulf exports following the reopening of the Strait of Hormuz, PTI reported citing data from maritime and commodity intelligence firm Kpler.
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cryptobriefing.com
India resumes Mideast oil imports as Hormuz reopens, easing WTI price concerns
India resumes oil imports from the Middle East as Hormuz reopens. WTI crude at $70 in June priced at 42% YES.
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economictimes.indiatimes.com
Indian refiners sitting on enough crude, in no rush to resume purchases from West Asia
India's state-run refiners have secured enough crude for two months. They are not rushing to buy from the Middle East even if the Strait of Hormuz reopens. Suppliers have asked…
