Indian Refiners Pause Russian Oil Orders as U.S. Sanctions Bite
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Indian refiners, including major players like Reliance Industries and Indian Oil, are pausing or cancelling Russian crude oil orders due to uncertainty surrounding new U.S. sanctions and their potential impact. This shift is prompting refiners to explore alternative sources like the spot market and new tenders.
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Indian refiners have suspended new orders for Russian crude, Reuters has reported, citing unnamed sources as saying the industry awaited clarity from the government about navigating the new U.S. sanction context. Reliance Industries, one of Rosneft’s biggest clients in India, has turned to the spot market for crude oil deliveries, while Indian Oil has launched a tender for oil cargos. “We have not placed orders yet for fresh cargoes and have cancelled some that were booked from traders with links to the sanctioned entities,” one…
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المقال الأصلي منشور بواسطة OilPrice.com في أكتوبر 28, 2025. التحليل والرؤى المقدمة من AnalystMarkets AI.