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India's June crude imports hit record high as Russian supplies surge despite West Asia tensions
India's crude oil imports hit a record 4.93 million barrels per day in June, bolstered by substantial purchases from Russia, which solidified its role as the top supplier. This surge underscores India's robust supply chain resilience amidst global geopolitical tensions. Analysts highlight proactive diversification and procurement strategies as key to maintaining these strong inflows, ensuring refiners are well-positioned for future needs.
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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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timesofindia.indiatimes.com
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…
