Indian refiners face challenges replacing Russian crude imports due to new US legislation. Many key suppliers are already cut off, complicating the market situation. Saudi and UAE supplies were disrupted, while global inventories are depleted. Finding replacement barrels and vessels presents a significant logistical hurdle. This situation could lead to sharp increases in global oil prices.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.