Replacing Russian crude near impossible for Indian refiners as US sanctions bill threatens 100% tariff, say executives

·1h ago
Share:PostShare

Indian refiners face challenges replacing Russian crude imports due to new US legislation. Many key suppliers are already cut off, complicating the market situation. Saudi and UAE supplies were disrupted, while global inventories are depleted. Finding replacement barrels and vessels presents a significant logistical hurdle. This situation could lead to sharp increases in global oil prices.

T

The Economic Times

Original source

Read full story

economic times

Check live status on DownRightNow

Check status →

Related Stories

Headlines and briefs on this site are for information only. Always verify details on the original source or live status page.

Read Disclaimer