Latest Global Refiners News & Updates

Washington, March 6 (IANS) The United States has “reached out to India” to purchase Russian oil currently sitting in floating storage in southern Asia as part of a short-term effort to ease pressure on global oil markets, US Energy Secretary Chris Wright said in an interview with ABC News.The temporary measure, he said, is designed to quickly move stored crude into refineries and prevent oil prices from rising as supply routes face pressure linked to shipping constraints around the Strait of…