Times of IndiaLean R·
Indian imports of Russian crude oil to decline further amid lower exports, Chinese competition
With rising demand from China, Indian refiners are anticipating a decline in Russian oil supplies for October and November. Chinese buyers have started paying higher prices for shipments, making it difficult for Indian refiners to compete. Consequently, they are considering costlier oil alternatives such as UAE Murban and Iraqi Basrah crude. Additionally, logistical complications have shifted crude flows toward China, potentially decreasing India's dependency on Russian oil alternatives.
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