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Decade of Planning Pays Off for India Amid Supply Squeeze
India is reaping the benefits of a crude oil sourcing strategy years in the making based on nurturing trade relationships to enhance supply diversity.
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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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economictimes.indiatimes.com
India plans to add strategic fuel reserves after Iran war shock
India is bolstering its energy security by planning strategic reserves of crude oil, LPG, and LNG to cover up to a month's demand, aiming to prevent supply disruptions like those…
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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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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 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…
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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…
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theprint.in
Russia supplied 50% of India's crude in June. Iraqi supplies decline, Iran crude not returning soon
Oil industry analysts say Indian refiners have little need for additional supplies as most crude requirements till the first half of August are already secured.
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energyintel.com
Decade of Planning Pays Off for India Amid Supply Squeeze
India is reaping the benefits of a crude oil sourcing strategy years in the making based on nurturing trade relationships to enhance supply diversity.
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Crude inventory hits 1-year high on stronger imports
India's crude oil reserves have surged to a near one-year peak, reaching 104 million barrels by June's end. This rebound follows a significant drawdown in the preceding months,…
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Sharp rebound! India’s crude inventory hits almost 1-year high; strong oil imports help replenish stocks depleted during US-Iran war
India has replenished its crude oil stocks, with oil inventory levels now near a one-year high. India's crude oil inventories have recovered sharply and are now close to their…