Sources say Indian refiners have paused new Russian oil orders, await clarity |
Indian refiners have not placed new orders for Russian oil purchases since sanctions were imposed, as they await clarity from the government and suppliers, sources told Reuters on Tuesday.
Some refiners are tapping the spot markets to meet their crude oil needs, said the sources, who did not want to be named as they are not authorised to speak to the media.
State-run Indian Oil (IOCNS), has issued a tender for the purchase of oil, while conglomerate Reliance Industries (RELINS), has boosted purchases from spot markets, according to sources.
The European Union, the........