Browsing: Indian refiners

Large Indian refiners are ramping up their purchases of Russian oil, enticed by highly competitive prices. In contrast, Reliance Industries is treading carefully, opting to hold back amid the current geopolitical uncertainties, Bloomberg reports

Indian refiners are increasingly sourcing oil from Latin America and Africa to compensate for the loss of Russian crude, as geopolitical tensions reshape global supply chains. February data highlights a strategic pivot amid shifting market dynamics.