Indian, Chinese refiners seek new crude sources

THE GOVERNMENT DOES not expect any disruption to Russian oil supply in the next two months, given that US-sanctioned tankers are allowed to deliver crude until March, a senior official said on Monday.

- FE BUREAU

"Because there is a buying period, cargoes which are already in transit will come to us. So you will not see an immediate disruption. In the next two months, we do not anticipate a major problem because ships that are already in transit will come through," the official said, adding the period of 6-8 weeks is a window for producers as well as buyers to work out alternative arrangements.