India Isn’t Rushing Back to Middle Eastern Oil Despite Hormuz Reopening | EN590 Commodities
EN590 Commodities GroupCrude Oil June 19, 2026
India Orders Major Strategic Oil Reserve Expansion After Supply Crisis What I Cover
Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Indian refiners have enough crude to last them two months, so they will not be scrambling to buy Middle Eastern cargoes expected to be coming out through the reopened Strait of Hormuz anytime soon. According to a Bloombergreport, however, Middle Eastern producers have approached Indian buyers to start taking in volumes under long-term contracts. The buyers are not eager to do so, unnamed sources told the publication. The Indian government is yet to give the green light to Indian tankers setting off for the Persian Gulf to load the long-term contract volumes. India wa
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