Energy & Petrochemicals #crude oil#imports
India's crude imports rebound to pre-conflict levels as refiners diversify sourcing: HSBC
India's crude oil imports have recovered to pre-conflict levels despite Gulf disruptions, driven by successful diversification to Russia, the US, Oman, West Africa, and South America, according to an HSBC Global Research report. The report notes that Russian oil remains attractively priced, and a temporary oversupply of Gulf crude is expected to fade.
Jun 30, 2026 1 source