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Gulf Oil Bargains Lure India Away From Russia as Freight Soars
Source: Bloomberg
Energy Markets & PricesCommodities & Raw MaterialsTrade Policy & Supply ChainTransportation & Logistics
Indian refiners are shifting toward Persian Gulf crude and reducing purchases from Russia as sky-high freight costs make long-haul shipments less economical. The article gives no shipment volumes, price figures, or broader market reaction.
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