🟡 Medium ImpactEnergy
India imports record crude oil in June despite regional tensions
India imports record crude oil in June despite regional tensions.
India imported a record 8.9 million barrels per day of crude oil in June, the highest ever for the month, even as tensions persisted in West Asia. The surge was driven by discounted Russian oil and strategic refilling. This boosts refining margins for public and private refiners while easing input cost pressures.
📊 STOCKS: | 🏢 SECTOR: Energy | #MEDIUMIMPACT #CrudeOil
#CrudeOil#Imports#EnergySecurity
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