India increased its crude oil purchases from Russia and Latin America during the April-June quarter, while imports from the Middle East declined as supplies through the Strait of Hormuz were constrained following the US-Israeli attack on Iran, according to data from industry sources quoted in a Reuters report.

India’s crude oil imports from Russia continue to be near record highs in July, despite the Donald Trump administration not extending a sanctions waiver. Amid the ongoing US-Iran…

India has emerged as a key buyer of Russian crude, with imports from Moscow reaching record levels as refiners take advantage of cheaper oil and supply disruptions from the Middle…