India Increases Purchase of Russian Crude Oil for Immediate Delivery

India's oil refiners are reportedly acquiring millions of barrels of Russian crude oil for immediate delivery, according to six sources familiar with the matter. According to Jin10, this move comes as India seeks to secure energy supplies amid fluctuating global oil markets. The increased procurement of Russian oil highlights India's strategy to diversify its energy sources and ensure stable supply chains. This development also underscores the ongoing shifts in global energy trade dynamics, as countries adapt to changing geopolitical and economic conditions.