Oil Price News
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US Says It Will Not Renew Sanctions Waiver Allowing India To Buy Russian Oil
The waivers on the purchase of Russian oil had allowed India to secure additional supplies amid global oil disruption. Reports suggest that Indian refiners have placed orders for roughly 30 million barrels of Russian oil during the period.
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Even If Hormuz Reopens Today, Oil, LNG Shipping May Take Months To Recover
According to experts, even if the Strait of Hormuz opens today, it would still likely take until July for oil flows to get back to normal.
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US Says It Will Not Renew Sanctions Waiver Allowing India To Buy Russian Oil
The waivers on the purchase of Russian oil had allowed India to secure additional supplies amid global oil disruption. Reports suggest that Indian refiners have placed orders for roughly 30 million barrels of Russian oil during the period.
-
Even If Hormuz Reopens Today, Oil, LNG Shipping May Take Months To Recover
According to experts, even if the Strait of Hormuz opens today, it would still likely take until July for oil flows to get back to normal.
