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Policy● Neutral for Indian Oil
India widens crude sourcing to 43 countries to boost energy security, says top government official
The brief
- India has widened crude sourcing to 43 countries to boost energy security
- Broader sourcing supports Indian refiners, including Indian Oil, by reducing dependence on concentrated supply
- No global oil shortage, supply route disruptions driving crude prices, oil minister says
- Indian refiners hire tankers to collect crude inside the Persian Gulf
- Rising Freight Prices, $95 Diesel Crack, $16 Crude Premium: What Happens Next For Energy Stocks? Jefferies Weighs In
- Asian stocks struggle as investors weigh US inflation, West Asia tensions
- Indian Oil Gujarat refinery to start operating at expanded capacity by end of FY27, executive says