Indian refiners are concerned after the European benchmark Brent crude rose to the highest level since mid-April, marching towards $90 a barrel. The rise in Brent prices and the output cut by Moscow this month have made Russian Urals crude costlier, complicating matters for Indian importers, led by Indian Oil and Reliance Industries. … Continue reading Indian refiners push the envelope on Russia crude oil
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Indian refiners stock up Urals crude oil before Russian supply cut
Indian imports of Urals grade crude oil from the Russian Federation climbed 13-14 per cent month-on-month to a fresh high in July, according to ship tracking and Russian government data. But there has been a cloud over supplies in August with Russia cutting its oil export. Urals oil — high sulphur,… Continue reading Indian refiners stock up Urals crude oil before Russian supply cut