As conflicts disrupt shipping, India’s crude purchases show how fast it can adapt
· thehindu.com
As imports from Russia dipped, India was able to pivot toward Gulf oil in September. Kpler figures, which are typically off eventual Ministry of Trade Statistics figures by a few percentage points, indicated that in September Saudi crude export to India increased by 50-60% over August.
In September, the Consultative Shipping Group, a group of leading maritime nations, said that conflicts such as over the Strait of Hormuz and Black Sea are “n...