Indian refiners shift from Russian crude to Persian Gulf supplies

Russia: Russia is a leading global oil producer and exporter of crude petroleum. It has served as a primary supplier of discounted crude to Indian refiners for several years. In the present development, Russian shipments are facing reduced demand from Indian buyers shifting toward closer Persian Gulf sources due to rising long-distance freight expenses. Supply Recovery: Middle Eastern crude flows to India have rebounded substantially after earlier disruptions tied to regional conflicts. Procurement Shift: Indian refiners are adapting logistics by chartering tankers to access Persian Gulf crudes more directly amid high shipping costs. External Influences: Geopolitical considerations and US policy signals are contributing to a reassessment of Russian crude sourcing by Indian buyers.