India’s state-owned oil refiners are purchasing millions of barrels of Russian crude oil for immediate delivery as the country moves to address potential supply shortages linked to escalating conflict in the Middle East, according to multiple industry sources. Read More: Putin warns of possible gas halt to Europe The buying spree comes as India seeks […]
Indian refiners
Indian refiners turn to OPEC to make up Iran oil gap
Indian refiners are increasing their planned purchases from OPEC nations, Mexico and the US to make up for any loss of Iranian oil if the US enforces sanctions more harshly from next month, sources and company officials said. All four Indian state-owned refiners that buy Iranian oil are confident of securing additional barrels from other […]