🚨 Energy Reality Check
Amid the West Asia conflict and disruptions in the Strait of Hormuz, India has rapidly diversified its energy imports to 27 countries to secure supplies. Key facts: • India consumes ~5.5 million barrels of oil per day and imports ~85% of it • Russia remains the largest supplier • UAE share ~11.1%, U.S. ~8.1% • India bought ~16 million barrels of Russian crude in early March alone To avoid the conflict zone: • ~70% of crude is now routed outside Hormuz LPG & Gas shifts too: • 60% of LPG demand depends on imports • Gulf dependence reduced from 99% → ~70% • New suppliers include U.S., Norway, Canada, Algeria & Russia The cost? With oil near $120/barrel, India could face $7–8 billion extra outflow every month. India is rewiring its entire energy supply chain in real time.

















