Indian refiners hopeful of Moscow finding path around latest US oil curbs

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Still, refiners are waiting for opinions from legal teams and banks, the people said.

At the same time, companies are seeking more optional volumes from Saudi Arabia and Iraq under term contracts to guard against shortfalls, they said, declining to be identified as matters are confidential.

The fate of the latest US crude curbs — which aim to cut Moscow’s income from energy sales —  are tied to the outcome of the conflict in Ukraine.

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Article Details

Category: BusinessFinance

Markets: IndiaChinaIraqSaudi ArabiaTurkeyUkraine

Topics: India Russia trade US sanctions India Russia oil trade US sanctions on Russia Russian oil firms

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 23:49:55 (20 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 389 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25159037

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Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 3 hours ago

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