New Delhi, June 20 (IANS) Nearly 80 million barrels of crude oil are ready to transit the Strait of Hormuz if a tentative US‑Iran deal leads to a sustained reopening of the vital shipping corridor.About 40 very large crude carriers (VLCCs), loaded with non‑sanctioned Gulf crude, are currently stationed inside the Persian Gulf. Apart from them, Iranian oil and smaller tankers are also positioned in this area, making the true volume of supply waiting much higher, multiple reports said, citing …
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New Delhi, March 18 (IANS) India has sharply increased its purchases of Russian oil, prompting several tankers that were originally headed to China to change course mid-journey and sail towards Indian ports instead.One such vessel, the Aframax tanker Aqua Titan, is now expected to arrive at New Mangalore on March 21 carrying Urals crude, according to reports.The ship had initially set its destination as Rizhao in China after loading oil from a Baltic Sea port in late January.However, in a sudden…
Mumbai, Jan 28 (IANS) India stopped diesel shipments to the European Union this month due to the EU’s ban on fuel refined from Russian crude, and instead sent record volumes to West Africa, shipping data has showed.The shipping data from Kpler and Vortexa showed that the ban also led to Turkey’s previously strong diesel exports to the EU slowing in recent months, as per reports.Analysts said the EU policy — aimed at penalising Russia over its 2022 invasion of Ukraine — has forced refiners to…