Facing supply disruption, govt directs refiners to raise LPG production, halts feedstock supply for petrochemicals

Data from Kpler indicates continued availability of Russian cargoes in the Indian Ocean and Arabian Sea region, including volumes in floating storage. Sumit Ritolia, its lead research analyst, refining & modeling said, “Indian refiners had already been importing around 1 million barrels per day of Russian crude in recent months, meaning the waiver effectively acts as a green signal to lift volumes above this base load, particularly for cargoes currently delayed across key shipping routes.”