India increases Russian crude imports amid US-Iran conflict
India is significantly increasing its imports of Russian crude oil, purchasing 30 million barrels in a week as tankers bound for China divert to India due to supply disruptions from the US-Iran conflict. The Aqua Titan is expected to dock at New Mangalore on 21 Mar carrying Urals crude.
after close1 source ↓written by the desknot a recommendation
- in just
- 30 million barrels
- carrying Urals crude
- 21 Mar
India is ramping up its purchases of Russian crude oil, buying 30 million barrels in just a week. This surge comes as supply disruptions from the Strait of Hormuz escalate due to the ongoing US-Iran war. Notably, tankers initially bound for China are now diverting to India, indicating a significant shift in trade flows.
• A tanker, Aqua Titan, is set to dock at New Mangalore on 21 Mar carrying Urals crude.
• More cargoes initially destined for China may also reroute to India.
This aggressive strategy could strengthen India's energy security amid regional tensions.
Not investment advice. For informational purposes only.