India’s crude oil stocks climbed to a near one-year high in June as record imports from Russia and Venezuela rebuilt reserves drained by the Iran war.

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

India’s crude imports hit a June record of around 5 million b/d, with Russian supplies surging to an unprecedented 2.6 million b/d.