Yahoo Finance | EN590 Commodities
EN590 Commodities GroupCrude Oil 2026-06-30T23:00:00+00:00
Indian crude imports set several records in June. Total inflows reached about 5 million b/d, the highest level ever recorded for the month. Of that, 2.6 million b/d came from Russia, equivalent to 54% of India's total crude imports and ahistoric recordfor Russian-Indian trade. Russian supplies, which had fallen to around 1.1 million b/d in February under sanctions pressure from Washington, more than doubled within four months andbecamea key pillar of India's energy-security strategy. India's overall import volume suggests refiners have largely compensated for the collapse in Gulf supplies caused by the disruption in the Strait of Hormuz. This mattered greatly because the country's SPR system remainsextremely limited. Even when fully stocked, it can cover only around 9-10 days of normal dom
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