India Faces Crude Squeeze as Russian and West Asian Supplies Tighten
· Business · Business Standard
India faces a crude oil squeeze as supplies from Russia and West Asia tighten simultaneously. The strain on traditional import channels comes amid shifting geopolitical dynamics and supply constraints in major producing regions. Refineries are evaluating alternative sourcing strategies to manage potential feedstock deficits. The tightening supply lines risk driving up procurement costs for the world's third-largest oil importer.
Why it matters
Indian refineries face rising crude procurement costs that could eventually pressure domestic fuel prices and margins.
Read the original report — Business Standard
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