India may avoid a crude supply crunch, but persistent attacks on Gulf shipping could raise freight, insurance and fuel costs, while putting LPG and LNG supplies at risk
Kpler data shows India imported a record 2.8 mbpd of Russian crude in July despite mounting geopolitical risks. Russian crude accounted for nearly 55 percent of India's total crude imports.
Disruption at Novorossiysk’s Sheskharis terminal may be temporary, but analysts say Russia’s export infra has become more critical to India’s oil security than Saudi supplies through Red Sea.
Top 5 purchasers of Russian crude are China, India, Slovakia, Hungary & Azerbaijan. The bill proposes exemptions for countries that import less than 15% of their natural gas from Russia.
Drawing lessons from the Hormuz crisis, govt explores ways to reduce dependence on maritime chokepoints. Experts say options are limited for LPG compared to crude.
After dominating India’s crude imports since 2023, Russian supplies slowed amid US sanctions, but a 30-day ‘waiver’ amid West Asia tensions could now push flows back towards 2 mbpd.
India’s strategic reserves offer a temporary cushion as the Hormuz blockade amid US-Israel war against Iran jolts global energy markets and threatens energy security.
Indian refiners are testing Venezuelan barrels again as Russian supply sinks, but analysts say volumes will remain limited due to refinery constraints & supply capacity.
Rosneft, the Russian state-owned oil behemoth, has large interests in India. Reliance has a contract to purchase 500,000 barrels of crude per day from the firm.
In a seminal work, former military officers Lt. Gen. D.S. Hooda & Lt. Col. Pavithran Rajan put forth a framework to approach cognitive warfare, called Socio-Technical-Cognitive Battlespace.
India, China and Russia share more contradictions than congruence. Each has a different worldview, as also a different adversary. The rude fact is that BRICS is the most irrelevant of all such groupings.
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