Energy
Indian Refiner Boosts Mideast Oil Imports as Russian Flows Slow
- ‘We are short of three, four’ cargoes, BPCL executive says
- Alternative shipments seen about $2 a barrel more expensive
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One of India’s largest refiners has been forced to seek alternative and more expensive crude cargoes from the Middle East to make up for lower supplies from Russia, putting a spotlight on shifting export patterns as traders focus on the global market’s prospects in 2025.