Crisis looms? India’s alternate oil supply cushion fades as Russian crude on water runs low

 Refining companies indicate they have sufficient supplies for the next month, but prices no longer reflect the discounted levels seen in the years following the Ukraine conflict. At the same time, the volume of crude available in transit is shrinking quickly. Refining companies indicate they have sufficient supplies for the next month, but prices no longer reflect the discounted levels seen in the years following the Ukraine conflict. At the same time, the volume of crude available in transit is shrinking quickly.