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India Cuts Spot Tenders as Russian Oil Stabilizes
Mint Chennai
|March 25, 2025
Indian refiners are likely to issue fewer tenders for spot crude in the coming months as volumes from top supplier Russia return to near normal levels, highlighting the trade's success in working around US sanctions.
The Asian nation's state-owned processors are on track to secure more than three dozen cargoes that will load next month, according to people familiar with the matter. Combined with deliveries for private firms Reliance Industries Ltd and Nayara Energy Ltd, there may be more than 60
This story is from the March 25, 2025 edition of Mint Chennai.
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