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Indian 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.
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thehindubusinessline.com
Indian refiners lean on Russia, UAE, South America for August crude oil imports
Indian refiners are increasingly sourcing crude oil from Russia, UAE, and South America amid West Asia supply disruptions in August.
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cryptobriefing.com
Indian refiners seek new oil sources amid Russian supply disruptions
Indian refiners seek new oil sources due to Russian supply disruptions. Crude oil reaching a new all-time high by December 31 at 11.5% YES.
