'Oil's' Well in September: How India Kept Crude Flowing Amid the Energy Crisis
4 Articles
4 Articles
'Oil's' well in September: How India kept crude flowing amid the energy crisis
September marked a significant high in India's crude oil imports, mainly spurred by boosted supplies from Gulf nations. The reintroduction of Iraqi and Kuwaiti crude has notably changed the dynamics of India's import sources, ensuring better supply availability. This surge assists Indian refiners in reducing their dependency on Russian oil amidst global pressure.
The situation is worsening due to the ongoing war between the United States and Iran. Despite disruptions to oil supplies, the Indian government continues to work tirelessly to meet the country's energy needs. As a result, India's crude oil imports saw a significant increase in September. […]
September sees India setting a crude import record, with Gulf countries contributing 39% of total imports, led by Iraq and Saudi Arabia.
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