Significant cut unlikely in Gulf oil supplies to India - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Tuesday, 23 August 2022

Significant cut unlikely in Gulf oil supplies to India

State-run refiners source about 60% of their crude oil requirement through term deals, renewed annually, mainly with West Asian national oil companies. The balance is sourced from the spot market, and this year cheap Russian oil has gained a big share in Indian spot purchases.

from Commodities-Markets-Economic Times
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