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Davos 2025: India's Biggest Refiner to Rebalance Crude Buying After Russian Sanctions

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January 24, 2025

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Crude oil purchases by Indian Oil Corp. may shift as the new US sanctions on Russia affect supplies from Moscow. The sanctions may impact daily flows of as much as 2 million barrels to India and China, Arvinder Singh Sahney, chairman of India’s third-largest company by revenue, told Bloomberg Television on the sidelines of the World Economic Forum in Davos, Switzerland.

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Davos 2025Indian Oil CorpMoscow TheChina Arvinder Singh SahneyBloomberg TelevisionWorld Economic ForumDavos Switzerland Read MoreBloomberg Originals Bloomberg Quicktake

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Davos 2025: India's Biggest Refiner to Rebalance Crude Buying After Russian Sanctions · Bloomberg News · Sentinel