Indian oil importers face ‘dual choke point’ challenge in securing future supplies

AI Summary

Indian oil importers face challenges securing supplies due to disruptions at the maritime choke points of the Strait of Hormuz and Bab al-Mandab Strait. Importers have secured crude through September but are accelerating procurement strategies amid concerns over future supply risks.

Indian oil importers have secured crude supplies through September and are now racing to finalize procurement strategies for the final quarter, as disruptions in the Strait of Hormuz and Bab al-Mandab Strait have heightened concerns about future supplies through the two critical maritime choke points, refining sources and analysts said July 27. Indian refiners have ...