The combination of rising flows via Hormuz and higher Russian exports amid damage to Russian refineries is widening discounts.
The US-Iran memorandum of understanding (MOU) opening the door to sales of Iranian crude oil and the intense bombing of Russian refineries in Ukraine could expand the discounts for India on Russian oil supplies by as much as 50%-75%, top Indian refining officials told Energy Intelligence.
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US-Iran war impact: India’s crude oil imports from Russia are set to hit an all–time high in June, according to data from Kpler,…
India Business News: India has reportedly approached the United States to extend its waiver on Russian oil imports as the Strait…
India was a major buyer of Iranian crude, peaking at about 11.5% of its total purchase, before 2018 sanctions tightened.
Missiles, mines, attacks on ships, US blockade, Iran’s closure - the Strait of Hormuz has de facto been closed since the start of…
NEW DELHI: Falling global energy prices after a preliminary US-Iran agreement to end hostilities and reopen the Strait of Hormuz…
This comes as discounts narrowed in July and U.S. President Donald Trump warned countries not to purchase oil from Moscow,…
