Saudi Aramco halts crude supplies to Indian refiners
after close1 source ↓written by the desknot a recommendation
- of India's crude
- 9%
The closure of the East-West pipeline in Saudi Arabia has led Saudi Aramco to stop crude supplies to Indian refiners, impacting about 9% of India's crude imports. While alternative supplies may be sourced, they are expected to come at higher prices per barrel. This disruption could elevate costs for refiners and affect market dynamics.
Not investment advice. For informational purposes only.