India’s oil refiners thrive on excess Russian crude amid geopolitical shifts

Core Insights - India's oil refiners are benefiting from a strong supply of Russian crude due to geopolitical events impacting global oil markets [1] Industry Impact - The ongoing attacks by Ukraine on Russia's energy infrastructure have led to a significant reduction in Moscow's domestic refining capacity [1] - This decline in refining capabilities has resulted in a diversion of a larger volume of crude oil to international markets, particularly benefiting Indian refiners [1]