Refiners have jumped on the bandwagon of opportunistically buying heavily discounted Urals crude, which ironically could make the country Europe’s refining hub
Russia | India Russia | Crude oil
S Dinakar |
Last Updated Jun 3, 2022 06:10 IST
India could see a structural shift in crude oil supply, with Russia becoming a key source of fuels, a development that reduces New Delhi’s dependence on West Asian oil, gives Indian refiners better bargaining power with Saudi Arabia, which sets prices, and improves overall energy. Security.
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First published: Fri 03 Jun 2022. 06:10 IST