India's crude oil imports from Russia may double
after close1 source ↓written by the desknot a recommendation
- of its total
- 40%
- of its crude
- 90%
As disruptions in the Strait of Hormuz persist due to the US-Iran conflict, India's crude oil purchases from Russia could double from January levels, potentially reaching 40% of its total imports. This shift is crucial as India relies on imports for nearly 90% of its crude needs, traditionally sourced from the Middle East. The rising prices and supply challenges may reshape India's energy strategy significantly.
Not investment advice. For informational purposes only.