Over 30 million barrels of Russian crude headed to India amid Hormuz disruption is drawing significant interest across the industry.
India to receive 33 million barrels of Russian crude this month, following US waiver for transactions. Tensions in the Strait of Hormuz prompts India to seek alternative routes and sources for crude supplies. Rising global oil prices also impact the country’s heavily dependent import market, with every $1 increase raising the import bill by ?16. | financialexpress.com
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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