Russia seeks Indian gasoline after refinery strikes

Ukrainian drone strikes have knocked out nearly 40% of Russia's refining capacity, causing a severe gasoline shortage. In an unusual reversal of their energy trade relationship, Russian oil majors Rosneft, Gazprom, and Lukoil have approached Indian refiners for gasoline supplies. At least one cargo of Indian gasoline has already been shipped to Russia via ship-to-ship transfer, with more expected. Indian state refiners have no surplus volumes to export, but traders may facilitate further deals. Nayara Energy, partly owned by Rosneft, denies selling fuel to Russia. Russia may also seek diesel if more refineries are hit.