India plugs oil gap with Russian and alternate supplies
Analysts say India has boosted purchases of Russian crude and revived shipments from Africa, Iran and Venezuela to offset a sharp drop in supplies from the crisis-hit Middle East.
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. These moves have helped New Delhi offset reduced Middle Eastern shipments and shore up energy supplies.