● Neutral for Indian equities
India, China better positioned for Hormuz disruptions; Russian oil purchases likely to continue: Former Singapore Foreign Minister
The brief
- George Yeo said India and China are better positioned to manage energy disruptions through diverse sourcing and stockpiling
- India is likely to continue buying Russian oil
- Continued Russian oil purchases affect Indian oil refiners and energy costs
- Indian refiners hire tankers to collect crude inside the Persian Gulf
- Indian Oil Gujarat refinery to start operating at expanded capacity by end of FY27, executive says
- Bengal CM assures Indian Oil of facilitating land for expansion in Haldia
- Indian shares to open near six-month lows as oil prices rise
- Nifty slides to six-month low as US-Iran deal hopes fade, oil tops $100 a barrel