India has secured around 60 million barrels of Russian crude oil for delivery next month, as the ongoing conflict in West Asia disrupts supply chains and constrains shipping flows through the Strait of Hormuz. Refiners resume Russian oil importsIndian refiners, including Mangalore Refinery & Petrochemicals Ltd. (MRPL) and Hindustan Mittal Energy Ltd., have resumed buying Russian crude after largely staying away from such purchases since December amid pressure from the United States. US waiver facilitates Russian oil purchasesThe buying activity was facilitated after a US waiver to take delivery of Russian oil cargoes that had already been loaded onto vessels before March 5, helping offset shortages triggered by the effective closure of the Strait of Hormuz. India diversifies sourcing amid geopolitical uncertaintyIn addition to increasing purchases from Russia, Indian refiners are exploring alternative supply sources as geopolitical uncertainty continues to affect energy markets. The arrival comes amid heightened concerns over global energy supply as geopolitical tensions impact crude availability and supply chains.

Source: dna March 25, 2026 07:56 UTC