Indian refiners jumping at chance: How Ukraine attacks on Russia’s refineries are indirectly benefiting India’s crude buys – explained
Ukraine’s drone attacks on Russian oil refineries created a crisis, which India has seized as an opportunity. Indian refiners are capitalizing on discounted Urals crude, boosting refining margins and exports, particularly diesel to Europe. Despite potential risks from fluctuating discounts and geopolitical pressures, India maintains its strategic autonomy in energy decisions.🕒 1 min read
Ukraine’s drone attacks on Russian oil refineries created a crisis, which India has seized as an opportunity. Indian refiners are capitalizing on discounted Urals crude, boosting refining margins and exports, particularly diesel to Europe. Despite potential risks from fluctuating discounts and geopolitical pressures, India maintains its strategic autonomy in energy decisions.
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