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Gulf Oil Bargains Lure India Away From Russia as Freight Soars

Bloomberg Markets Monday 26 October 2026, 11:37 UTC By Rakesh Sharma, Yongchang Chin and Serene Cheong 1 min read
Key Points

Indian refiners are increasingly turning to Persian Gulf crude and pulling back from their mainstay supplier Russia, as sky-high freight costs erode the economics of long-haul shipments.

Indian refiners are increasingly turning to Persian Gulf crude and pulling back from their mainstay supplier Russia, as sky-high freight costs erode the economics of long-haul shipments.
Gulf Oil Bargains Lure India Away (ORG) Russia (LOCATION) Freight Soars Indian (ORG) Persian Gulf (LOCATION)
Originally published by Bloomberg Markets Read original →

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