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.

Indian refiners are delaying purchases of Middle Eastern crude despite the reopening of the Strait of Hormuz, relying instead on ample inventories and alternative supplies led by…