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Data● Neutral for Indian equities
India's Russian crude imports fall to five-month low as refiners diversify supplies
The brief
- September Russian crude imports fell to their lowest level since April
- Refiners sought alternative supplies
- Diversified crude sourcing may affect costs and margins for Indian refiners, including Indian Oil
- Russian crude supplies enabled India to cushion against oil supply shocks caused by West Asian war: Deputy FM
- Russian crude cushioned India from oil shock, says Andrey Rudenko
- Russia says it struck military infrastructure, vessels in Ukraine
- How Trump’s diesel ban threat is making US exports more profitable
- India to hold firm on Russian oil as US-China truce extension puts it in the spotlight