Indian Refiners Expect Russian Oil Supply to Tighten in October and November

Key Facts

1Indian refiners expect Russian oil supplies to tighten in October and November due to reduced exports and stiff competition from China.

2India, the world's third-largest crude importer, will be forced to buy more costly alternatives for the remainder of the year.

Indian refiners expect Russian oil supplies to tighten in October and November due to reduced exports and stiff competition from China. Reuters reported that India, the world's third-largest crude importer, will be forced to buy more costly alternatives for the remainder of the year.

The squeeze on available supply for the Indian market is driven by a combination of reduced Russian export volumes and aggressive bidding from Chinese buyers. This shift in regional supply chains is expected to persist through the end of 2026, forcing a reliance on more expensive crude sources to meet domestic demand.