Indian Refiners Widen Oil Search as Attacks Hurt Russian Flows

Indian refiners are reducing their purchases of Russian crude oil from previously high levels. This shift follows Ukrainian attacks that have disrupted flows from Russia, the country's primary supplier. Consequently, India is actively seeking new oil sources to diversify its supply. Experts suggest that this diversification effort may tighten the global oil supply, which could potentially lead to an increase in crude prices across international markets as refiners seek alternative options.