Energy

India’s reliance on Russian oil hits all-time high - Financial Times

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DW NOTE

India is simply buying from whoever is still pumping. With the Strait of Hormuz at one-eighth normal traffic and global oil supply down 4.3 million barrels per day, the fact that Russian exports are hitting record shares isn't a strategic pivot — it's the arithmetic of a constricted market.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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India’s reliance on Russian oil hits all-time high - Financial Times

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