Saudi Arabia, Russia provide oil provide continuity for India amid Iran’s Hormuz uncertainty

Saudi Arabia, Russia provide oil provide continuity for India amid Iran’s Hormuz uncertainty

“Nonetheless, India’s evolving import combine offers a robust cushion – Russian inflows (2.2 million barrels of oil per day, or mb/d, in June) now exceed mixed Center East provides, and additions from the US, West Africa, and Latin America bypass Hormuz completely,” the report contended. India imports 5.5 mb/d of crude, with 2mb/d (over 35…

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