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Two LPG tankers cross Hormuz, six more stuck as India faces gas shortage

Buzz line1 month ago09 mins

Two tankers carrying liquefied petroleum gas (LPG) have crossed the Strait of Hormuz and are heading to India, offering some relief as disruptions linked to the war in West Asia trigger concerns about cooking gas shortages. Rajesh Kumar Sinha, special secretary at the Union ministry of ports, shipping and waterways, said the vessels — Shivalik…

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

Buzz line2 months ago01 mins

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…

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