Indian Oil Corp Secures Oil Cargoes from Red Sea Port
Indian Oil Corp booked cargoes from Yanbu as conflict disrupts exports. The refiner is using alternative routes while India keeps retail fuel prices steady.
Xurve View
Insights:
Xurve View
The top refiner in India, Indian Oil Corporation Limited, has reportedly booked several crude oil cargoes for loading from the Yanbu port on the Red Sea. This move comes as geopolitical instability involving the United States, Israel, and Iran continues to disrupt traditional energy export routes across the Middle East.
