India's crude oil imports from Russia climbed sharply in June, while purchases from the United Arab Emirates remained close to record highs, as refiners moved to secure supplies amid lingering uncertainty around shipments through the Strait of Hormuz, according to data from maritime intelligence firm Kpler and industry analysts.
Data from Kpler showed India imported an average of 2.66 million barrels per day (bpd) of crude oil from Russia between June 1 and June 19, up from 1.91 million bpd in May. The increase further strengthened Russia's position as India's largest crude supplier.
