India's crude basket: More Middle East, less Russia; after Trump's sanctions, what's next for Moscow's oil shipments?
India is shifting its crude oil sourcing, reducing Russian imports due to compliance risks while increasing shipments from the Middle East. Despite a decline, Russian crude remains a significant, albeit more selective, part of India's energy mix, driven by its economic advantages and refinery margins.
India is shifting its crude oil sourcing, reducing Russian imports due to compliance risks while increasing shipments from the Middle East. Despite a decline, Russian crude remains a significant, albeit more selective, part of India's energy mix, driven by its economic advantages and refinery margins.
