Energy · India
India's Crude Oil Imports Surge Amid Middle East Crisis
Owlester AI · from 1 source ·
India has managed to maintain its crude oil imports at a year-high of 5.26 million barrels a day in September, despite the ongoing Middle East conflict that has disrupted global energy supply chains. The surge was driven by increased shipments from Gulf countries, particularly Iraq and Saudi Arabia, which helped restore some of the lost supply. The resumption of Saudi Arabia's East-West pipeline and the use of ship-to-ship transfers in UAE and Omani waters have also contributed to the flow of crude to Indian refiners.