India's edible oil imports surged to a ten-month high in July. Refiners increased palm oil and soyoil purchases to replenish inventories. Higher imports of palm oil and soyoil were noted by dealers. Sunflower oil shipments also saw a slight increase during this period. This rise prepares for the upcoming festival season demand.

Indian Oil Corp boosts spot oil purchases due to Middle East disruptions. Crude oil reaching a new all-time high by December 31 at 14.5% YES.

India imported a record 2.8 million barrels per day of Russian crude in July, making Russia the source of more than half of its oil imports as refiners prioritized reliable…