Gulf Oil Bargains Lure India Away From Russia as Freight Soars

Gulf Oil Bargains Lure India Away From Russia as Freight Soars

Indian refiners are increasingly turning to Persian Gulf crude and pulling back from their mainstay supplier Russia, as sky-high freight costs erode the economics of long-haul shipments.

Indian refiners are increasingly turning to Persian Gulf crude and pulling back from their mainstay supplier Russia, as sky-high freight costs erode the economics of long-haul shipments.
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