CONNECT WITH US
EV & Mobility

EV & Mobility

Indian refiners widen oil search as Ukrainian attacks hurt Russian flows

Business Standard – EV logo

Published on

Add as a preferred source on Google
Indian refiners widen oil search as Ukrainian attacks hurt Russian flows

Home / Economy / News / Indian refiners widen oil search as Ukrainian attacks hurt Russian flows

Given the pressure on Moscow's crude exports, processors have been seeking alternative barrels from regions including West Africa and even the Americas

The shift in Indian processors’ buying patterns coincides with an expected increase in nationwide demand as a spate of plant maintenance comes to an end, enabling refiners to boost run rates and step up production | Image: Bloomberg

Bloomberg 3 min read Last Updated : Aug 26 2026 | 11:41 AM IST

Indian refiners are scaling back buying of Russian crude from elevated levels, as Ukrainian attacks hurt flows from the nation’s top supplier.

Given the pressure on Moscow’s crude exports, processors have been seeking alternative barrels from regions including West Africa and even the Americas, while also turning to Persian Gulf suppliers despite still-restricted flows through the Strait of Hormuz because of the US-Iran war.

The shift in Indian processors’ buying patterns coincides with an expected increase in nationwide demand as a spate of plant maintenance comes to an end, enabling refiners to boost run rates and step up production.

The global crude market is grappling with disruptions caused by the conflicts between Moscow and Kyiv, as well as in the West Asia. Russia became India’s dominant supplier after the war in Ukraine erupted in 2022, and last month, flows from the OPEC+ producer accounted for more than half of its imports.

8 million barrels in July, according to Sumit Ritolia, senior manager of modeling at analytics firm Kpler.


Source link
Related Topics:EV & Mobility

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.