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War & Conflict3h 11m ago

State-run refiners are diversifying crude imports, expanding spot-market purchases and reducing dependence on long-term Gulf contracts.

India

Who
India
What
State-run refiners are diversifying crude imports, expanding spot-market purchases and reducing dependence on long-term Gulf contracts.
When
Mon, 13 Jul 2026 08:23:32 GMT · 3h 11m ago
Where
India ·
Why
To better withstand future geopolitical disruptions following past energy security shocks from the Iran war and heavy reliance on Middle Eastern oil.
The Frontline Impact

How this affects you

India's energy security is enhanced by reducing dependence on long-term Gulf contracts and diversifying crude imports, making it more resilient to future geopolitical disruptions.

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