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India loses Russia oil discount as Red Sea, Hormuz risks upend crude markets
Russia's crude oil discounts for India have disappeared as Middle East supply disruptions and Red Sea shipping risks boost demand for alternative cargoes. Rising crude oil prices and higher import costs could squeeze margins for Indian refiners, including BPCL, as geopolitical tensions reshape global oil trade and energy markets.
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timesofindia.indiatimes.com
Another oil shock loading for India? How Red Sea route disruptions may hit not only Saudi, but also Russian crude supply
In March 2026, India was faced with an unprecedented oil supply and price shock. Four months from then, India has managed to successfully secure its crude supplies through a…
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cryptobriefing.com
India's refiners boost Russian oil imports to record levels as geopolitical pressures reshape energy flows
