Indian Refiners Increase West Africa Crude Oil Purchases Amid Middle East Crisis

Indian state-run refiners are continuing their trend of purchasing crude oil from West Africa, a move driven by supply disruptions and increased delivery challenges stemming from the ongoing Middle East crisis.

7 Aug, 10:30 — 7 Aug, 10:30

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zerohedgeLow2d ago

Indian Refiners Continue West Africa Crude Buying Spree

Indian Refiners Continue West Africa Crude Buying Spree By Tsvetana Paraskova of OilPrice.com India’s state-run refiners continue their buying spree of crude from West Africa as the Middle East crisis has sapped supply and made deliveries uncertain. In one of the latest purchases via a tender, India’s state-owned refiner Hindustan Petroleum Corporation Limited (HPCL) has acquired 2 million barrels of Nigerian crude oil from Shell, trade sources told Reuters on Thursday. HPCL has...

By Tyler Durden

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Indian Refiners Increase West Africa Crude Oil Purchases Amid Middle East Crisis

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Indian Refiners Continue West Africa Crude Buying Spree

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