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Barrel of backups: India's crude imports bounce back despite Middle East disruptions
India’s crude oil imports have bounced back to near pre-conflict levels despite prolonged disruptions in the Middle East, as refiners adjusted their sourcing mix and leaned more on alternative suppliers. According to an HSBC Global Research report, Indian refiners managed to offset the impact of the Strait of Hormuz crisis by cutting reliance on traditional Gulf suppliers and stepping up purchases from Russia, the United States, Oman, West Africa and South America.
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timesofindia.indiatimes.com
Energy security during Middle East crisis: Why India keeps relying on state-run oil firms despite privatisation bids
Every major crisis India has faced in recent years, from devastating floods and the Covid-19 pandemic to the latest conflict in Middle East that disrupted global oil markets, has…
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energyintel.com
Brimming Tanks, Ample Supplies Dampen India's Thirst for Iranian Oil
Indian refiners are facing an operational bottleneck in procuring Middle Eastern crudes, including Iranian, due to bloated onshore storage at refineries.
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thehindubusinessline.com
India's crude imports rebound as refiners diversify sourcing amid Gulf disruptions: HSBC
India's crude imports recover as refiners diversify sources amid Gulf disruptions, reducing reliance on West Asian supplies, says HSBC.
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Barrel of backups: India's crude imports bounce back despite Middle East disruptions
India’s crude oil imports have bounced back to near pre-conflict levels despite prolonged disruptions in the Middle East, as refiners adjusted their sourcing mix and leaned more…
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economictimes.indiatimes.com
India's Russian oil imports to hit record high in June, data shows
India's Russian oil imports hit an all-time high in June, reaching approximately 2.70 million barrels per day. This surge is attributed to refiners seeking Russian barrels to…
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India plans to cut reliance on Middle East oil, tap spot market after war shock
India's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost spot market purchases and forge deals…
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India's Russian oil imports hit record high in June amid Hormuz disruptions
India's imports of Russian crude oil climbed to a record high in June as refiners increased purchases of discounted barrels to offset supply risks linked to disruptions around the…
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India plans to cut reliance on West Asian oil after war shock
The change to India’s oil-buying strategy would mark one of the biggest shifts in years, and will require balancing energy security needs while keeping crude-purchasing costs in…
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As crude oil cargoes flush market, Indian refiners book supplies for next 45 days
Sources said that there is ample crude oil in the market currently as Ukraine’s drone attacks on Russian refineries is freeing up more barrels for export
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No sudden shelter from storms: What protected India's oil supply during Hormuz crisis - The Economic Times
India successfully navigated the Hormuz Strait closure, avoiding fuel shortages despite initial fears. This resilience wasn't due to last-minute decisions but years of strategic…