India's Russian Oil Imports Hit 3-Year Low in December
India's Russian oil imports set to drop to 600,000-650,000 bpd in December, lowest in 3 years due to Western sanctions. Refiners turn to alternatives as US tightens measures.
India's Russian oil imports set to drop to 600,000-650,000 bpd in December, lowest in 3 years due to Western sanctions. Refiners turn to alternatives as US tightens measures.
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India's top refiners plan dramatic reduction in Russian crude imports, exploring alternative suppliers amid changing global energy dynamics. Major shift expected from late November.
India dramatically reduces direct Russian crude purchases as US sanctions tighten payment mechanisms. Major refiners shift strategy while maintaining supplies through traders.
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India's Russian oil imports dropped by 16% in December 2023 as US sanctions disrupted payment mechanisms, forcing refiners to seek alternatives from Middle East suppliers.
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HPCL-Mittal Energy Ltd halts Russian crude imports due to payment complications, joining other Indian refiners facing similar challenges with Russian oil deals.
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