Indian refiners seek alternatives to Gulf crude due to ongoing supply issues and market disruptions.
1 report, 1 independent
Updated Aug 1
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What happened
Indian refiners seek alternatives to Gulf crude due to ongoing supply issues and market disruptions.
Who's involved
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The entities involved
Related events
- Brent crude cooling and Fed Chair comments are influencing Indian equities and policy rates.
- India's economic deficit remained benign despite high Brent crude prices.
- Crude oil prices restrict risk appetite in the Indian market.
- Conflict in West Asia caused Brent crude oil prices to surge 32%, driving up manufacturing costs in India.
- Tensions in Iran caused disrupted shipping through the Strait of Hormuz, leading to global crude price surges and IOC raising fuel prices in Delhi.