Indian refiners shift oil strategy; trim Russian buys and turn to Middle East

The shift away from Russia comes as Middle East producers, armed with higher output quotas from the OPEC, are keeping global markets well-supplied, softening the impact on prices.

Jan 22, 2026 - 01:30
 0
Indian refiners shift oil strategy; trim Russian buys and turn to Middle East
The shift away from Russia comes as Middle East producers, armed with higher output quotas from the OPEC, are keeping global markets well-supplied, softening the impact on prices.

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