Ukraine attacks have disrupted Russian crude deliveries to India, prompting
Indian refiners to cut purchases from Russia and source more barrels from West
Africa, the Americas and Gulf suppliers. With a series of refinery turnarounds
ending, national crude demand and refinery run rates are expected to rise,
allowing refiners to lift output. Last month Russian crude accounted for more
than half of India’s imports. Kpler modeling senior manager Sumit Ritolia
expects Russian shipments to India to fall to about 2.0 mln bpd this month from
roughly 2.8 mln bpd in July, citing normalization after strong buying, reduced
Russian export availability, increased competition and refinery maintenance; he
adds supplies are likely to recover above 2.0 mln bpd in the coming months.
