New Delhi, June 30 -- India's crude oil imports have largely recovered to pre-conflict levels despite months of disruptions in the Middle East, with refiners successfully diversifying supplies by increasing purchases from Russia, the United States, Oman, West Africa and South America, according to an HSBC Global Research report.

The report says Indian refiners have adapted quickly to the supply disruptions caused by the Strait of Hormuz crisis by sourcing crude from alternative producers instead of relying heavily on Gulf supplies.

"After a dip in March, Indian crude imports have broadly returned to pre-conflict levels as refiners replaced Middle East supplies with alternatives from Russia, the US, Oman, West Africa and South America," ...