India's oil imports from the Persian Gulf via the Strait of Hormuz have, for the
first time since the U.S.-Iran conflict, exceeded imports from Russia as tanker
round resume trips and Hormuz flows rebuild. Commodity data firm Kpler says
month-to-date deliveries to India via Hormuz have risen to about 2.1 mln b/d,
above roughly 1.8 mln b/d of Russian oil imports. Flows to India through Hormuz
plunged from a February average of 2.8 mln b/d to about 247,000 b/d in April.
Combined exports from major Gulf producers—Saudi Arabia, the UAE, Iraq and
Kuwait—reached about 15.53 mln b/d in October, roughly in line with levels at
the start of the year.
