India Tells Oil Refiners to Draw Up Plans for Non-Russian Crude

India told its oil refiners to come up with plans for buying non-Russian crude, a scenario that would have far-reaching consequences for the global oil market if it ultimately meant reduced dealings with Moscow.

The government has asked state-owned processors to prepare an outline of where alternate barrels can be sourced and at what volume if Russian flows get stopped, people familiar with the matter said, asking not to be named due to the sensitivity of the matter. One of the people said that the instruction amounted to scenario planning in case Russian crude were to become unavailable.

The request ...