Indian refiners cut Russian oil purchases to other areas

As the Ukrainian attack affected the Russian supply of crude oil to India, Indian refiners were reducing their Russian oil purchases from their previous highs to suppliers in West Africa, the Americas and the Persian Gulf. Sumit Ritolia, the senior manager of the analyst company Kpler, stated that the amount of Russian oil imported by India this month was expected to drop to about 2 million barrels per day, down from about 2.8 million barrels in July, reflecting the normalization of procurement and increased competition in other areas. In the coming months, Russian crude oil supply to India is expected to return to above 2 million barrels per day。