India's March crude imports decline amid West Asia war
NEW DELHI, April 22 -- India's crude oil imports fell 13% in March from pre-war levels in February, with half coming from Russia, after the US-Israeli conflict with Iran halted Middle Eastern shipments via the Strait of Hormuz, shipping data showed.
The world's third-largest oil importer and consumer imported 4.5 million barrels per day (bpd) of crude in March, the data obtained from industry sources showed.
Imports from Russia nearly doubled from February to 2.25 million bpd in March while shipments from the Middle East slumped 61% to 1.18 million bpd.
Traffic at the Strait of Hormuz, which typically handles roughly one-fifth of the world's oil supply, has come to a standstill after Iran and the United States blocked vessels from passing....
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