India Buying More US Oil as Sanctions Stifle Russian Flows.

التفاصيل البيبلوغرافية
العنوان: India Buying More US Oil as Sanctions Stifle Russian Flows.
المؤلفون: Cho, Sharon, Sharma, Rakesh
المصدر: Bloomberg.com; 3/19/2024, pN.PAG-N.PAG, 1p
مصطلحات موضوعية: INTERNATIONAL sanctions, PETROLEUM export & import trade, PETROLEUM refineries
مصطلحات جغرافية: INDIA
مستخلص: Indian oil refiners are increasing their purchases of American crude oil due to tighter enforcement of US sanctions on Russia. State-owned Bharat Petroleum Corp., Indian Oil Corp., and Reliance Industries Ltd. have bought about 7 million barrels of US crude so far this month, the largest monthly volume since May. The increase in US purchases comes as Russian crude flows to India have been disrupted by US sanctions and discounts have narrowed. Most of the US crude purchased has been West Texas Intermediate Midland, which is more expensive than barrels from the Middle East but can produce more gasoline and diesel. [Extracted from the article]
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