India's Oil Refiners Slated To Ride Out Disruptions After Russian Waiver Ends

Indian oil refiners are structurally equipped to handle potential disruptions after the United States allowed its key sanctions waiver on Russian seaborne crude purchases to expire. Petroleum Minister Hardeep Singh Puri recently confirmed that India has built adequate energy buffers to navigate global volatility, with the country holding around 60 days of crude oil and liquefied natural gas (LNG) along with 45 days of liquefied petroleum gas (LPG) stockpiles. “We have not had any difficulty in getting the crudes which we want,” Hindustan…