INTERVIEW: India’s IOC looks to broaden crude sources as Russian discounts narrow

Indian Oil Corp. is shifting to other crude sources to feed its refineries as the steep discounts for Russian oil available over the past year-and-a-half have dwindled in recent months, the state-owned company’s chairperson Shrikant Vaidya told S&P Global Commodity Insights in an interview. “We have been always saying that we will go for the cheapest oil that the country…Indian Oil Corp. is shifting to other crude sources to feed its refineries as the steep discounts for Russian oil available over the past year-and-a-half have dwindled in recent months, the state-owned company’s chairperson Shrikant Vaidya told S&P Global Commodity Insights in an interview. “We have been always saying that we will go for the cheapest oil that the country…  Read More