India Mideast oil imports return to pre-war levels
India imported more Middle Eastern crude in September as supplies normalized and refiners reduced Russian oil purchases. Gulf oil accounted for over half of total imports while Russian volumes declined.
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India increased its Middle Eastern crude oil imports to 2.8 million barrels per day in September, returning volumes to pre-war levels. The rebound follows a surge in spot cargo purchases as Middle Eastern producers ramped up shipments through the Strait of Hormuz. Refiners utilized the route to offset supply constraints caused by the conflict involving Iran.
