India Increases Russian and UAE Oil Imports in June to Secure Energy Supplies

India increased its crude oil purchases from Russia and the United Arab Emirates in June, as the world’s third-largest energy consumer moved to secure supplies and optimize costs. The uptick in imports comes as Indian refiners adjust procurement strategies ahead of a projected full recovery in shipping logistics through the Strait of Hormuz. Shift in Import Volumes Russia remained the primary source of crude for India in June, maintaining its position as the top supplier to both state-run and private-sector refiners. Parallel to the Russian volumes, purchases from the UAE saw a notable increase. Indian refiners, including Indian Oil Corp and Reliance Industries, have been balancing their portfolios between discounted Russian Urals and regional Middle Eastern grades like Murban crude to meet domestic demand. The rise in UAE imports signifies a continued reliance on traditional Gulf partners for high-quality crude, even as India capitalizes on opportunistic pricing from Russian sources. Market data indicates that Indian refiners are seeking to lock in volumes before potential shifts in global prices or logistical constraints re-emerge later in the year. Logistics and the Strait of…