Some Indian refiners begin trimming Russian crude imports under pressure
Several Indian refineries are reportedly making early moves to reduce their reliance on Russian crude, sources familiar with the matter said. This comes amid increasing U.S. pressure and global expectations that India would curtail such purchases. While Russian oil still offers cost advantages, refiners are assessing supply alternatives and geopolitical risk. The transition is expected to be gradual to maintain feedstock continuity. Analysts say the shift has implications for trade flows, sanction compliance, and margin structures in India’s downstream energy sector.
neutral
1 day ago
Some Indian refiners begin trimming Russian crude imports under pressure
Several Indian refineries are reportedly making early moves to reduce their reliance on Russian crude, sources familiar with the matter said. This comes amid increasing U.S. pressure and global expectations that India would curtail such purchases. While Russian oil still offers cost advantages, refiners are assessing supply alternatives and geopolitical risk. The transition is expected to be gradual to maintain feedstock continuity. Analysts say the shift has implications for trade flows, sanction compliance, and margin structures in India’s downstream energy sector.
neutral
Some Indian refiners begin trimming Russian crude imports under pressure
1 day ago
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Indian refiners start trimming Russian crude imports amid U.S. pressure and evolving supply dynamics.
Several Indian refineries are reportedly making early moves to reduce their reliance on Russian crude, sources familiar with the matter said. This comes amid increasing U.S. pressure and global expectations that India would curtail such purchases. While Russian oil still offers cost advantages, refiners are assessing supply alternatives and geopolitical risk. The transition is expected to be gradual to maintain feedstock continuity. Analysts say the shift has implications for trade flows, sanction compliance, and margin structures in India’s downstream energy sector.
Several Indian refineries are reportedly making early moves to reduce their reliance on Russian crude, sources familiar with the matter said. This comes amid increasing U.S. pressure and global expectations that India would curtail such purchases. While Russian oil still offers cost advantages, refiners are assessing supply alternatives and geopolitical risk. The transition is expected to be gradual to maintain feedstock continuity. Analysts say the shift has implications for trade flows, sanction compliance, and margin structures in India’s downstream energy sector.