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Deal● Neutral for Indian equities
Vietnam refinery signs crude oil deal with ExxonMobil Asia Pacific
- Oil prices fall after Iran asks U.S. to return to failed memorandum of understanding from June
- Replacing 1 million bpd of Russian oil could cost India up to $3.7 billion annually
- Global Market: VLCC rates hit record as Saudi crude flows jump
- Puri warns West Asia crisis could escalate; says India does not need refinery investment
- Oil rises as Iran threat to widen war dims hopes of Strait of Hormuz deal