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One Oil Cargo's Odd Journey Highlights Global Market Strains - Vimarsana News

One Oil Cargo's Odd Journey Highlights Global Market Strains

(Bloomberg) -- A dearth of heavy crude is forcing one of the world’s biggest buyers to go the extra mile to get the barrels it needs, offering another example of how sanctions and OPEC+ curbs are recasting the supply chain.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlySlovak Premier Fighting for Life After Assassination AttemptUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Property Ma

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Reliance faces many hurdles in getting crucial crude delivered as global market struggles - Vimarsana News

Reliance faces many hurdles in getting crucial crude delivered as global market struggles

Reliance Industries Ltd., Indias largest private refiner, faces challenges in getting shipments of heavy crude delivered due to sanctions and OPEC+ cuts. To secure needed barrels, it purchased 2 million barrels of Canadas Access Western Blend crude, embarking on a complex journey involving ship-to-ship transfers and a long voyage to India via the Pacific.

The world's last wave of oil refining bets all about India - Vimarsana News

The world's last wave of oil refining bets all about India

The South Asian nation has set in motion a building blitz at its oil refineries to raise production of traditional transport fuels.

Last wave of oil refining bets centres around India - Vimarsana News

Last wave of oil refining bets centres around India

The world is on the cusp of what’s likely to be the last big refining boom as India embarks on a capacity expansion to accommodate the country’s rising thirst for fossil fuels.

The world's last wave of oil refining bets all about India - Vimarsana News

The world's last wave of oil refining bets all about India

India is embarking on a capacity expansion of its oil refineries to meet the country's rising thirst for fossil fuels. The building blitz aims to raise production of traditional transport fuels such as gasoline and diesel, which will increase India's refining capacity by more than 20% over the next five years. This boost comes at a time when the global refining industry is declining in the US and Europe, making India a rare exception. The slower adoption of electric vehicles in India and the country's growing transport demand will keep the appetite for gasoline and diesel higher for longer.