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.
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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.
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