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2026
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Indian refiners shift oil strategy; trim Russian buys and turn to Middle East

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Indian refiners are shifting away from Russian oil. They are increasing imports from the Middle East. This move could help India secure a trade deal with the United States. Purchases from Russia have decreased. OPEC's share in India's oil imports has risen. Refiners are also buying more oil from Africa and South America. They are also boosting purchases of U.S.



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