Russian oil supply to India expected to tighten further in October and November
Reuters, citing four trade sources, reports that reduced exports and stiff competition from China could push India to buy more costly oil for the rest of 2026.
TLDR
Reuters reports that Indian refiners expect Russian oil supplies to tighten further in October and November amid reduced exports and stiff competition from China. Four trade sources said the squeeze would force India, the world’s third-largest crude importer, to buy more costly alternatives for the rest of 2026.
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