"The talks have been overtaken by a change in crude price. Now, the whole equation changes," one of the sources said, indicating the deal may reach completion in FY26. Crude oil from Russia is usually purchased on spot prices, while long-term contracts are usually reserved for crude from India's traditional import sources in the Middle East. Spot purchase allows refineries to secure different grades of oil, otherwise unavailable.
Bu hikaye Business Standard dergisinin September 20, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin September 20, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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