Published • loading... • Updated
India’s Russian Crude Imports Jump as Refiners Prepare for Post-Hormuz Supply Recovery
Kpler said Russian crude averaged 2.6 million bpd in June, or 53.5% of India’s imports, as Gulf supplies stayed disrupted.
Summary by The New Indian Express
10 Articles
10 Articles
Amid ongoing uncertainty in the Strait of Hormuz, India sharply increased crude oil purchases from Russia and the United Arab Emirates in June. Despite the US-Iran ceasefire and MoU, the Strait of Hormuz has not fully normalized. Consequently, Indian refineries have increased imports from alternative sources to ensure energy security.
India's Russian oil imports jump 39% in June; US shipments fall | List of top suppliers
The latest import figures reflect India's continued efforts to diversify its energy sources. Russian crude has remained attractive due to competitive pricing, while increased purchases from the UAE helped refiners manage supply risks linked to disruptions in the Strait of Hormuz.
·India
Read Full Article
Father's Day SaleGet 40% off Vantage subscriptions for yourself or a friend.Get Started
Coverage Details
Total News Sources10
Leaning Left2Leaning Right4Center0Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
L 33%
R 67%
Factuality
To view factuality data please Upgrade to Premium
