State-run refineries are accelerating purchases of Murban crude following a strategic agreement with Abu Dhabi’s national oil company, ADNOC. Traders note that these supplies are being routed through Fujairah, effectively bypassing the Strait of Hormuz to mitigate transit risks. Refinery officials confirm that LPG inventories remain secure through mid-July, providing a necessary buffer for the country’s primary cooking fuel.
India Stabilizes Energy Supply via UAE and Global Diversification
Indian refiners have locked in crude shipments through August, shifting supply chains away from traditional regional volatility. By deepening ties with the United Arab Emirates and expanding procurement from Brazil and West Africa, the world’s third-largest oil importer aims to insulate its domestic market from ongoing Middle East supply disruptions.
Beyond the UAE, India is aggressively broadening its import portfolio. April marked the resumption of Venezuelan crude flows, facilitated by shifting U.S. policy, while shipments from Nigeria and Angola continue to rise. Despite these diversification efforts, Russia remains the country’s top supplier. India continues to leverage U.S.-granted waivers to maintain this volume, positioning itself as the primary destination for Russian seaborne crude as it balances geopolitical pressure with the urgent need for affordable energy.
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