India’s private refiners cut Russian crude imports as discounts narrow

India’s private refiners, including Reliance Industries Limited and Rosneft-backed Nayara Energy, have reduced their imports of Russian crude by 18% month-on-month in November 2024, as the discount on Russian oil has narrowed. According to energy cargo tracking firm Vortexa, private refiners imported a total of 726,585 barrels per day (bpd) from Russia in November, down