Indian Oil Corporation shifts sourcing with 7 million barrel purchase from non-Russian suppliers
Indian Oil Corporation has secured 7 million barrels of crude oil from global sources for March loading. This shift reflects a move away from Russian supplies.
Insights:
Indian Oil Corporation has finalized the purchase of 7 million barrels of crude oil for March loading from several non-Russian sources, signaling a significant shift in procurement strategy for India 
IN. The company secured various grades from producers in Brazil 
BR, the United Arab Emirates 
AE, Angola 
AO, Ecuador 
EC, and Colombia 
CO. This move comes as Indian refiners actively work to diversify their supply chains and reduce their reliance on energy exports from Russia 
RU.
IN. The company secured various grades from producers in Brazil BR, the United Arab Emirates AE, Angola AO, Ecuador EC, and Colombia CO. This move comes as Indian refiners actively work to diversify their supply chains and reduce their reliance on energy exports from Russia RU.
