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Indian Oil to Trim Term Deals With Gulf Producers For Next Year
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarCommodities & Raw MaterialsTransportation & Logistics
Indian Oil Corp. plans to reduce next year’s crude purchases under term contracts with Middle Eastern producers, according to a person familiar with the matter. The reported decision reflects continued concern that attacks in the Persian Gulf could threaten supply routes; the article gives no volume or financial impact.
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