July 27, 2024

India bonds with Iraqi crude amid Venezuelan, Saudi supply squeeze

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“The supply cuts from Saudi Arabia and sanction-induced cut in exports from Venezuela have prompted Indian refiners turn to Iraqi barrels to fill the gap. The grades are perfect one-to-one replacement for the lost barrels,” Kumaran added. By Sambit Mohanty and Gawoon Philip Vahn. Full Text -> S&PGlobal. Platts

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