India plugs oil gap as Middle East supplies sink

India has ramped up purchases of Russian oil and revived alternate supplies from Africa, Iran and Venezuela to blunt a sharp crude shortfall from the crisis-ridden Middle East, analysts say. India, the world’s third-largest oil buyer, normally sources about half of its crude through the Strait of Hormuz, a vital waterway that has seen only […] The post India plugs oil gap as Middle East supplies sink appeared first on Digital Journal.