India, despite the sanctions imposed on Russia, remains one of the largest buyers of Russian crude oil. However, recent developments have seen a shift in Indian refineries’ purchasing patterns as they look for alternatives to Russian oil.

Indian companies, including state-owned Bharat Petroleum and Indian Oil, as well as private refiner Reliance Industries, have significantly increased their purchases from the United States and the Persian Gulf in response to transportation and payment issues related to Russian oil imports.

Russian exports of petroleum products have decreased, prompting Indian refineries to seek out alternative sources of crude oil. This change in shopping behavior is attributed to both logistical challenges and political considerations as India aims to maintain good relations with Western countries.

Despite the sanctions against Russia, European countries continue to import Russian oil products. Indian refineries, which have significant processing capacity, have increased their exports of refined petroleum products to Europe using the same Russian barrels in which the oil was imported. China has also shown demand for cheap oil.

Overall, India’s geopolitical landscape and economic considerations are driving changes in its oil purchasing patterns, with a focus on diversification and maintaining relationships with various global partners.

By Samantha Johnson

As a dedicated content writer at newspuk.com, I immerse myself in the art of storytelling through words. With a keen eye for detail and a passion for crafting engaging narratives, I strive to captivate our audience with each piece I create. Whether I'm covering breaking news, delving into feature articles, or exploring thought-provoking editorials, my goal remains constant: to inform, entertain, and inspire through the power of writing. Join me on this journalistic journey as we navigate through the ever-evolving media landscape together.

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