MRPL restricts crude imports via Red Sea and Hormuz routes
pre-market1 source ↓written by the desknot a recommendation
- of crude oil
- 1 million barrels
- for delivery between
- 25 Aug and 6 Sep
Mangalore Refinery and Petrochemicals Ltd has become the first Indian refiner to bar crude suppliers from using the Red Sea and Strait of Hormuz in its import tender. The tender seeks up to 1 million barrels of crude oil for delivery between 25 Aug and 6 Sep. This move reflects growing geopolitical concerns affecting India's oil supply chain.
Not investment advice. For informational purposes only.