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via economictimes.indiatimes.comEconomy

India turns back to Gulf oil as Russian crude loses price edge

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Indias crude oil imports from the Middle East returned to pre-war levels in September, rising to 2.8 million barrels per day as shipments through the Strait of Hormuz recovered. Meanwhile, Russian oil imports fell 14% month-on-month as discounts narrowed, making Gulf crude more…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralIndia's supplier shift affects global oil flows and Russian crude discounts.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01India's Middle East crude imports returned to pre-war levels in September, at 2.8 million barrels per day.
  2. 02Shipments through the Strait of Hormuz recovered.
  3. 03Russian oil imports fell 14% month-on-month as discounts narrowed.

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