Singapore — Indian refiners are unlikely to pick up much spot Middle Eastern crude cargoes over the June and July trading cycle as several state-run refineries mull cutting down their operation rates and reduce middle distillates production amid faltering domestic fuel demand, putting a downward pressure on the Dubai crude market structure. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Many Asian refineries have been consistently receiving crude term allocation cuts from Saudi Aramco and other major Middle Eastern suppliers over the past few quarters due to the producers' strong commitment to production curbs, but with full contractual volumes expected from May onwards, Indian refiners may not need to seek many top-up barrels from the spot market, said trading managers and officials at two state-run Indian refiners.