Story thread · 2 reports / 2 sources

Mideast snarls delay oil shipments to India

economictimes.indiatimes.com · 13dShare

Oil shipments to India have been disrupted by a resurgence of fighting in the Middle East, with at least two refiners forced to arrange more costly, alternative cargoes after planned deliveries didn’t arrive on time.State-run Bharat Petroleum Corp. had four Persian Gulf cargoes that weren’t delivered on schedule in August, according to people familiar with the matter, who asked not be named discussing commercial matters. Separately, Indian Oil Corp. has also seen its delivery schedules getting changed, they said.The sudden disruptions have forced local refiners to seek other crude supplies at short notice, which contributed to a recent flurry of purchase tenders and cargo solicitations, according to separate people familiar with the trades, who asked not be named due to the sensitivity of the matter.Also Read: ONGC Videsh eyes Venezuela oil assets after US green lightIndia is the world’s third-biggest oil consumer, and the cargo snarls highlight how the war in the Middle East between I

First report: Oil Shipments to India Face Delivery Hurdles on Mideast Snarls — bloomberg.com, 13d