Record buys from Russia, stocking up on crude: How India is managing its oil supply amid Hormuz closure, US-Iran conflict
While India continues to rely heavily on energy supplies from the Gulf, the crisis has prompted a faster push towards diversification. Higher crude purchases from Russia, Brazil and Venezuela have helped soften the impact on oil imports.While India continues to rely heavily on energy supplies from the Gulf, the crisis has prompted a faster push towards diversification. Higher crude purchases from Russia, Brazil and Venezuela have helped soften the impact on oil imports.
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