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Data● Neutral for Indian equities
Russia remains India's top crude supplier in September amid supply squeeze
The brief
- Russia supplied 1.74 million barrels per day to India through September 27
- Constrained West Asian supplies limited alternatives
- Continued Russian supply matters to Indian refiners and fuel-price trends
- Indian refiners buy costly West Asian barrels as Russian supply narrows
- India's Russian crude imports fall to five-month low as refiners diversify supplies
- Russian oil supply to India tightens on reduced exports, strong Chinese demand
- 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