Indian Refiners Widen Oil Search as Attacks Hurt Russian Flows
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6 Articles
India cuts purchases of Russian oil and looks for alternatives - BloombergImports of Russian oil to India could fall to 2 million barrels per day. Refiners buy oil from the Americas, Africa and the Persian bays.
Times of India
MoneycontrolIndian refiners widen oil search as attacks hurt Russian flows
Indian refiners are reducing Russian crude imports amid Ukrainian attacks on supply routes. They are now seeking alternative oil supplies from West Africa and the Americas. Persian Gulf suppliers are also being approached despite Strait of Hormuz concerns. This shift occurs as nationwide demand is expected to increase soon. Refiners are preparing to boost production after plant maintenance concludes.
Indian refiners seek new oil sources amid Russian supply disruptions
India's diversification of oil sources amid Russian supply issues may tighten global oil supply, potentially driving up crude prices. The post Indian refiners seek new oil sources amid Russian supply disruptions appeared first on Crypto Briefing.
India's purchases of Russian oil have reached an all-time high as the Gulf conflict is cutting supplies and making it harder for India to wean itself off its dependence on Moscow, the Financial Times reports.
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