New Delhi, Jun 21 (PTI) India’s crude oil imports from Russia surged in June, while shipments from the United Arab Emirates were near-record levels as refiners sought to secure supplies ahead of the full restoration of flows from Gulf producers following the reopening of the Strait of Hormuz, analysts said. India imported an average of […]

India resumes oil imports from the Middle East as Hormuz reopens. WTI crude at $70 in June priced at 42% YES.

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…

Indian refiners are prioritizing alternative crude sources over West Asia despite the reopening of the Strait of Hormuz.

The reopening of the Strait of Hormuz offers relief to exporters amid ongoing shipping risks and rising logistics costs.