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Indian refiners scout new crude sources as Gulf risks rise
Indian refiners are seeking alternative crude oil suppliers amid regional conflict. They are exploring new sources from Venezuela and Angola to ensure supply. Escalating attacks have disrupted vital shipping lanes and increased oil prices. Refiners are considering rerouting shipments around Africa to avoid the Red Sea. This shift will significantly lengthen journey times for crude oil deliveries.
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economictimes.indiatimes.com
Indian refiners come to the rescue of Russia’s oil exporters
India has emerged as a key buyer of Russian crude, with imports from Moscow reaching record levels as refiners take advantage of cheaper oil and supply disruptions from the Middle…
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India loses Russia oil discount as Red Sea, Hormuz risks upend crude markets
Russia's crude oil discounts for India have disappeared as Middle East supply disruptions and Red Sea shipping risks boost demand for alternative cargoes. Rising crude oil prices…
