Saturday, March 7, 2026

Indian Oil Corp books some oil cargoes from Red Sea, source says

 Top Indian refiner, Indian Oil Corp, has booked some oil cargoes ​for loading from the Red ​Sea port of Yanbu, a company source ‌said on Saturday.

The US-Israel war with Iran has disrupted oil and natural gas exports from the Middle East, while top oil exporter Saudi Arabia is increasing shipments from the Red Sea as an alternative.

https://www.business-standard.com/industry/news/indian-oil-corp-books-some-oil-cargoes-from-red-sea-126030700599_1.html

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