'Oil's' well in September: How India kept crude flowing amid the energy crisis

AI Summary

India’s crude oil imports rose in September as supplies from Gulf producers increased, including the return of Iraqi and Kuwaiti crude. The added supply is helping Indian refiners reduce reliance on Russian oil amid international pressure.

September marked a significant high in India's crude oil imports, mainly spurred by boosted supplies from Gulf nations. The reintroduction of Iraqi and Kuwaiti crude has notably changed the dynamics of India's import sources, ensuring better supply availability. This surge assists Indian refiners in reducing their dependency on Russian oil amidst global pressure.