Indian refiners have significantly increased purchases of Russian crude, securing around 60 million barrels for the upcoming month amidst Middle East conflict-driven supply disruptions. This surge is supported by a US waiver allowing imports of Russian oil loaded before March 12, with refiners also diversifying with Venezuelan and previously Iranian crude. Indian refiners have significantly increased purchases of Russian crude, securing around 60 million barrels for the upcoming month amidst Middle East conflict-driven supply disruptions. This surge is supported by a US waiver allowing imports of Russian oil loaded before March 12, with refiners also diversifying with Venezuelan and previously Iranian crude.
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- 60 m barrels of Russian crude booked by Indian refiners amid global supply strain
60 m barrels of Russian crude booked by Indian refiners amid global supply strain
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