India's crude oil imports from Russia rise 90%
pre-market1 source ↓written by the desknot a recommendation
- in March compared
- 90%
- drop in overall
- 15%
- decline in LPG
- 40%
India’s crude oil imports from Russia surged 90% in March compared to February, despite a 15% drop in overall oil imports due to disruptions in West Asia. The Strait of Hormuz disruption also led to a 40% decline in LPG imports and reduced LNG supplies, prompting India to explore alternative sources.
• Imports from African nations like Angola and Gabon also increased, though their overall share remains limited.
This shift may impact global oil supply dynamics and pricing.
Not investment advice. For informational purposes only.