India Oil Buyers Pull All Levers to Replace Russian Shipments
- Refiners are going back to long-term suppliers to seek cargoes
- Russia has supplied as much as a third of Indian crude imports
Oil Minister Hardeep Singh Puri has suggested India could take more oil from the US.
Photographer: Konstantinos Tsakalidis/BloombergThis article is for subscribers only.
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Oil refiners in India are reaching for all available options in the rush to make up for Russian flows hit by Washington’s latest round of sanctions, turning to the spot market while simultaneously seeking more long-term supplies from Middle Eastern producers.