https://www.taxtmi.com/news?id=73468 India increased crude oil purchases from Russia and the United Arab Emirates in June as refiners sought to secure supplies ahead of the fuller restoration of traffic through the Strait of Hormuz. Russian crude remained the largest source of supply, supported by competitive discounts and steady refinery demand, while India also raised purchases from Atlantic Basin and Venezuelan sources to diversify amid disruption to Gulf flows. The reopening of the Strait of Hormuz is expected to normalise energy shipments in stages, with LPG recovering first, followed by LNG and crude oil. en-us Sun, 21 Jun 2026 11:31:03 +0530 Sun, 21 Jun 2026 11:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73468 India increased crude oil purchases from Russia and the United Arab Emirates in June as refiners sought to secure supplies ahead of the fuller restoration of traffic through the Strait of Hormuz. Russian crude remained the largest source of supply, supported by competitive discounts and steady refinery demand, while India also raised purchases from Atlantic Basin and Venezuelan sources to diversify amid disruption to Gulf flows. The reopening of the Strait of Hormuz is expected to normalise energy shipments in stages, with LPG recovering first, followed by LNG and crude oil. News - Sun, 21 Jun 2026 11:31:03 +0530 https://www.taxtmi.com/news?id=73468