02 Feb 2026

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Home Blog Indian State Refiners Resume Russian Oil Purchases

Indian State Refiners Resume Russian Oil Purchases

codarx

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Update date: 2025/08/20

Despite continued pressure from the United States over crude supply from Russia, Indian state refiners have returned to the spot market for purchases of Russian oil, company officials familiar with the matter told Reuters on Wednesday, as discounts for Moscow’s crude grades deepened. Indian Oil Corporation Limited (IndianOil) and Bharat Petroleum Corporation Ltd (BPCL) have bought Russian Urals and other crudes for September and October delivery, as the discounts for Urals widened to $3 per barrel, the officials said.    A few weeks…

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