60 m barrels of Russian crude booked by Indian refiners amid global supply strain

2026-03-25 - 10:39

Indian refiners have significantly increased purchases of Russian crude, securing around 60 million barrels for the upcoming month amidst Middle East conflict-driven supply disruptions. This surge is supported by a US waiver allowing imports of Russian oil loaded before March 12, with refiners also diversifying with Venezuelan and previously Iranian crude.