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India Secures 60 Million Barrels of Russian Oil Amid Strait of Hormuz Supply Strain
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India Buys 60 Million Barrels of Russian Oil Amid Strait of Hormuz Disruptions
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News18
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25-03-2026, 11:55
India Buys 60 Million Barrels of Russian Oil Amid Strait of Hormuz Disruptions
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India purchased 60 million barrels of Russian crude for next month's delivery due to West Asia conflict straining supply chains.
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Purchases aim to ease concerns over crude availability as shipping through the Strait of Hormuz remains constrained.
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Indian refiners, including MRPL and Hindustan Mittal Energy Ltd., resumed buying Russian crude after a US waiver.
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India is also diversifying sourcing, with Venezuelan crude imports projected to reach 8 million barrels for April.
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Indian ports continue to receive energy shipments, with no congestion reported, and authorities monitoring the region.
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