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Indian refiners buy first batch of Guyanese crude from Exxon
India buys 4M barrels of Guyanese crude from Exxon, marking a sourcing pivot amid supply shifts.
Two Indian refiners have procured 4 million barrels of crude oil from Exxon’s Guyana project—its first exports to India—scheduled for delivery by late 2025 or early 2026. Analysts say India is diversifying feedstock sources amid sanctions and supply chain shifts. The quality and discount structure will be closely watched across refining margins. This marks a notable pivot in sourcing strategy and may influence geopolitical and trade angles in the petroleum sector, especially with Middle East flows under scrutiny.