Indian Refiners Plan to Reduce Middle Eastern Oil Dependence After Iran Supply Disruption

According to Jin10 data, on June 30, India's state-owned refiners are planning to reduce their dependence on Middle Eastern oil following supply disruptions triggered by tensions in Iran, according to sources familiar with the matter. The refiners are seeking to cut crude purchases under long-term contracts from Middle Eastern producers and are exploring increased spot market purchases and supply arrangements with traders sourcing from multiple regions to ensure stable deliveries amid potential future supply interruptions.
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