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India Races to Replace Russian Oil With U.S., Iraqi, and UAE Crude
Market Intelligence Analysis
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Why This Matters
India is diversifying its crude oil imports by purchasing 5 million barrels from the US, Iraq, and UAE, replacing Russian oil, with deliveries scheduled for January.
Market Impact
Market impact analysis based on bullish sentiment with 80% confidence.
Sentiment
Bullish
AI Confidence
80%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Two Indian refiners bought a total of 5 million barrels of crude oil from the United States, Iraq, and the UAE on the spot market as they seek alternatives to Russian crude. Reuters reported, citing unnamed industry sources, that Hindustan Petroleum Corp. had bought 2 million barrels of West Texas Intermediate and 2 million barrels of Murban crude for delivery in January. The other refiner, Mangalore Refinery and Petrochemicals, bought 1 million barrels of Basra Medium, also to be delivered in January, the Reuters sources said. The search for alternative…
Original article published by
OilPrice.com
on November 10, 2025.
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