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Hormuz oil shock sends India back to Russia: Is this a peak or the new normal?
The US-Iran war has pushed India’s crude oil imports from Russia to an all-time high - beyond levels seen when Russian crude was available at big discounts in the first few years of Moscow’s war with Ukraine. At over 2.5 million barrels per day, Russian crude made up over 50% of India’s crude procurement in June as refiners stocked up on oil to ensure a more comfortable position for the coming months.
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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…
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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…
