Russia sanctions Bill, Saudi pipeline closure push India’s crude oil import price to 5-month high
6 Articles
6 Articles
East-West pipeline shutdown hits home as Saudi Aramco halts supplies to Indian refiners: Report
Saudi Arabia's East-West pipeline shutdown has halted crude deliveries to Indian refineries, which heavily rely on Aramco. While spot cargoes may provide alternatives, prices are expected to rise.
Saudi Arabia, the world's second-largest crude oil producer and a key supplier to India, has categorically stated that it will not be able to supply crude oil to India. The attack on the East-West Pipeline, which is Saudi Arabia's most important crude oil transportation hub, by Houthi forces
Saudi Aramco halts oil supply to Indian refineries: Know why and for how long?
Aramco has suspended all supplies to Indian refiners both through the Strait of Hormuz and the Red Sea. Supplies via the Strait of Hormuz had already dwindled significantly prior to the attack on the pipeline. Saudi Arabia has long been one of the world’s most influential oil suppliers.
The suspension of crude supplies to India following a drone attack on Saudi Aramco's main pipeline has hit the companies hard.
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