Reported about 19 hours ago
State-owned Indian refiners, dependent on Russian crude oil imports, believe that the impact of the latest US sanctions will be short-lived, as Moscow seeks workarounds and the new US administration may adopt a more lenient stance towards Russia. Despite facing challenges from these sanctions, refiners are looking to secure additional supplies from Saudi Arabia and Iraq while remaining hopeful for a resolution in the Ukraine conflict that could stabilize oil flows.
Source: YAHOO