💨 Abstract

The United States has clarified to India that tankers carrying Russian oil must discharge by February 27, according to India's oil secretary Pankaj Jain. The deadline for completing financial transactions is March 12. Indian state refiners are struggling to secure Russian oil for March deliveries due to sanctions, but will continue to buy if it's priced below $60 per barrel and not involving sanctioned Russian entities or ships.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖