The expiry of a US waiver for Russian oil purchases may tighten the availability of medium, sour grades for India, senior refining officials say.
The expiry of the US waiver for Russian crude purchases will remove a critical supply buffer from a highly volatile market and may tighten the availability of medium, sour grades and increase crude sourcing costs, senior Indian refining officials say.
Without an extension of the waiver, which expires May 16, Indian refiners may have to slash Russian imports from record highs of…
India holds 60 days of crude reserves and has multiple supply alternatives as the U.S. Russia sanctions waiver expires, officials…
The face of India's purchases of Russian crude is changing amid continued US pressure and a growing divide between state and…
With US tariffs now at 50% despite India's slowdown in Russian crude buying, state refiners are still pausing purchases but eying…
Indian refiners are seeking Mideast and West African crude for September delivery and may take more optional volumes from the…
India's oil refiners are prepared for changes in Russian crude supply. Weaker domestic demand and available oil from the US and…
