India seeks more Middle East crude as attacks delay cargoes
Indian refiners are increasingly turning to Middle Eastern producers as ships divert to avoid the Red Sea.
By Rakesh Sharma and Ruchi Bhatia, Bloomberg News
Refiners in India, the world’s third-largest crude oil importer, are seeking to boost supplies from the Middle East and other nearby nations as recent attacks on ships in the Red Sea raise the risk of longer shipping time and higher costs, according to people familiar with the matter.
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