India’s Refiners Turn To Middle East Crude To Offset Russian Supply Cuts

Indian state-owned oil refiners are increasingly turning to Middle Eastern crude to compensate for dwindling supplies from Russia. This shift comes as refiners report significant shortfalls in Russian crude availability, with estimates indicating a need for 8-10 million barrels for January loading that they cannot meet through the spot market due to reduced Russian exports and rising domestic
Indian state-owned oil refiners are increasingly turning to Middle Eastern crude to compensate for dwindling supplies from Russia. This shift comes as refiners report significant shortfalls in Russian crude availability, with estimates indicating a need for 8-10 million barrels for January loading that they cannot meet through the spot market due to reduced Russian exports and rising domestic
Go to Source