Indian Refining Giant Switches From Russian to Emirati Crude

Market Intelligence Analysis

AI-Powered
Why This Matters

Bharat Petroleum, India's largest refiner, has purchased 2 million barrels of Emirati crude oil, marking a shift away from Russian oil imports in response to US sanctions.

Market Impact

Market impact analysis based on bearish sentiment with 70% confidence.

Sentiment
Bearish
AI Confidence
70%

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Bharat Petroleum, one of the largest refiners in India, has bought a cargo of Emirati Upper Zakum crude, as it seeks alternatives to Russian oil, Reuters has reported, citing unnamed sources. The cargo is 2 million barrels, to be delivered next month. Bharat Petroleum bought it on the spot market, where it previously mostly bought Russian crude, at the same rate of around 2 million barrels monthly. Reports of Indian refiners buying non-Russian oil cargoes have become frequent in the past couple of weeks, following Washington’s decision to…

Continue Reading
Full article on OilPrice.com
Read Full Article
Original article published by OilPrice.com on November 3, 2025.
Analysis and insights provided by AnalystMarkets AI.