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Market Chatter: Russia Turns to India for Gasoline After Ukraine Hits Refineries

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Russian energy companies have approached Indian refiners for additional gasoline supplies after Ukrainian strikes severely disrupted Russia's refining capacity, Reuters reported Wednesday, citing sources familiar with the matter.

The requests mark a reversal in energy trade, as India is the largest buyer of Russian seaborne crude.

At least one cargo of Indian gasoline has reportedly reached Russia, with more shipments expected via traders and ship-to-ship transfers.

Rosneft, Gazprom Neft, Lukoil and the Indian energy ministry did not immediately reply to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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