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India Isn’t Rushing Back to Middle Eastern Oil Despite Hormuz Reopening

Indian refiners have enough crude to last them two months, so they will not be scrambling to buy Middle Eastern cargoes expected to be co…

Source OilPrice AI Summary Updated 3h 23m ago

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Indian refiners have enough crude to last them two months, so they will not be scrambling to buy Middle Eastern cargoes expected to be coming out through the reopened Strait of Hormuz anytime soon. According to a Bloomberg report, however, Middle Eastern producers have approached Indian buyers to start taking in volumes under long-term contracts. The buyers…

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