Russia shifts Urals oil exports to China as India cuts back

Russia is moving to stabilize its Urals crude oil exports by increasing shipments to China as India scales back its purchases. This shift follows a recent trade agreement between New Delhi and the United States, which has prompted Indian refiners to seek alternative supplies. While Turkey remains the third-largest buyer of the grade, it currently lacks the infrastructure to process additional volumes, leaving Moscow with few alternatives but to deepen its engagement with the Chinese market.