Indian refiners have suspended new orders for Russian crude, Reuters has reported, citing unnamed sources as saying the industry awaited clarity from the government about navigating the new U.S. sanction context. Reliance Industries, one of Rosneft’s biggest clients in India, has turned to the spot market for crude oil deliveries, while Indian Oil has launched a tender for oil cargos. “We have not placed orders yet for fresh cargoes and have cancelled some that were booked from traders with links to the sanctioned entities,” one…
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