India secures 70% crude oil imports outside Strait of Hormuz
pre-market1 source ↓written by the desknot a recommendation
- from sources outside
- 70% secured
- imports crude
- 40 nations
India's crude oil supply is now 70% secured from sources outside the Strait of Hormuz, according to the Ministry of Petroleum. The country imports crude from 40 nations, with oil marketing companies diversifying their sources. Additionally, two LNG cargoes are en route, enhancing energy security amid geopolitical tensions.
Not investment advice. For informational purposes only.