Russia Oil Supply: Putin came forward to help India amid Iran-Israel war, Russia will send 9.5 barrels of crude oil

New Delhi : The deepening military conflict in West Asia has created huge turmoil in the global energy market. The world’s most important oil route due to the ongoing war between Iran and America. The movement of tankers on the Strait of Hormuz has stopped. Due to this, the danger of fuel crisis is looming over many countries including India. Although India currently has sufficient reserves. But in view of the uncertainty of the future, Russia has offered help by playing the role of a troubleshooter.

Military tension increased on Hormuz route

Retaliatory action following recent US and Israeli attacks on Iranian targets has made the Strait of Hormuz unsafe. Due to increasing attacks and collisions between ships, this route has been closed for oil tankers. This situation is very worrying for India. Because about 40 percent of the country’s crude oil is imported through this route. Due to the closure of this route, India has now had to intensify its search for alternative oil sources.

Russia’s big relief offer

In this difficult time, Russia has shown its readiness to meet the energy needs of India. Russia has indicated that it is capable of meeting up to 40 percent of India’s total crude oil demand. according to the report. Ships loaded with about 9.5 million barrels of Russian crude oil are present near Indian waters. These tankers can provide immediate relief to oil supplies by reaching Indian refineries within the next few weeks.

India’s current oil reserves status

According to official sources of the Government of India. The country currently has enough stock of crude oil available to meet domestic demand for about 25 days. Although. If this war drags on like the Russia-Ukraine conflict. So difficulties may increase further. Indian refiners process about 5.6 million barrels of oil every day. The government is considering creating a new supply chain from other countries outside the Middle East to meet the situation after 10-15 days.

Fluctuations in import figures

Several significant changes have been seen in India’s Russian oil import figures in recent months. In January, Russian crude imports had fallen to 1.1 million barrels per day. Which was the lowest recorded compared to the last two years. Although. In the month of February this share has again increased to about 30 percent. Timely availability of Russian oil will greatly help Indian refineries to cope with market fluctuations and supply shortages.

Secure energy option for India

Increasing the supply of Russian oil will completely depend on the new guidelines of the Government of India. Indian refiners are currently in constant touch with Russian traders. But due to the ongoing trade talks with America, it is also necessary to maintain diplomatic balance. India will have to draw a fine line between its energy security and international relations. Ultimately. This offer from Russia provides India with a safe and reliable energy option amid the ongoing unrest in the Middle East.