Amid Hormuz Crisis, India Snaps Up 30 Million Barrels Of Russian Oil
Автор: Business Today
Загружено: 2026-03-10
Просмотров: 9354
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India has sharply increased its Russian oil purchases, buying nearly 30 million barrels after receiving a temporary U.S. waiver, according to a Bloomberg report. The move comes as the West Asia conflict disrupts Middle Eastern energy supplies and shipping through the Strait of Hormuz. Indian refiners, including Indian Oil Corp and Reliance Industries, reportedly bought unsold Russian crude already moving through Asian waters. While the government denies earlier claims of reducing Russian imports, the latest purchases aim to secure energy amid global supply uncertainty. Meanwhile, fears of LPG shortages have triggered panic buying in several cities, though authorities insist domestic fuel supplies remain stable and sufficient.
#BreakingNews #IndiaRussiaRelations #OilImports #RussianCrude #IndianOilCorp #HardeepSinghPuri #RelianceIndustries #MiddleEastConflict #StraitOfHormuz #LPGShortage #CookingGas
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