Indian refiners widen oil search as attacks hurt Russian flows

The shift in Indian processors’ buying patterns coincides with an expected increase in nationwide demand as a spate of plant maintenance comes to an end, enabling refiners to boost run rates and step up production.

Indian refiners are scaling back buying of Russian crude from elevated levels, as Ukrainian attacks hurt flows from the nations top supplier. Given the pressure on Moscows crude exports, processors …

Originally published by Bloomberg. Read the full article →