Gulf Oil Bargains Lure India Away From Russia as Freight Soars

Name: Gulf Oil Bargains Lure India Away From Russia as Freight Soars
Uploaded: 2026-10-26T14:02:50.498765+00:00
Description: Indian refiners cut Russian oil purchases in September and November 2026 as elevated freight costs eroded the economics of long-haul shipments. Persian Gulf crude, led by discounted Iraqi grades, returned to pre-war import levels as a result.

Indian refiners cut Russian oil purchases in September and November 2026 as elevated freight costs eroded the economics of long-haul shipments. Persian Gulf crude, led by discounted Iraqi grades, returned to pre-war import levels as a result.

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