Indian refiners, officials and market analysts tell Energy Intelligence that they expect greater indirect benefits from the US' new 60-day sanctions waiver on Iranian oil than they do a direct flood of fresh crude oil supplies given steep competition and continued wariness of transactions with Iran. But more risk-taking could take shape for desperately needed LPG supplies.
India's Iranian Crude Purchases Likely Remain Limited Despite Waiver
Ample contracted crude supplies and minimal expected price discounts for Iranian crude have Indian buyers skeptical that the US' waiver will unleash a flood of buying.
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