Indian refiners shift crude mix amid Hormuz crisis

Indian refiners shift crude mix amid Hormuz crisis. Refiners like IOC, HPCL, and Reliance are altering crude sourcing due to supply risks from the Hormuz crisis. They’re increasing use of West African and US crude to replace constrained Middle Eastern grades. This shift aims to maintain >90% capacity utilisation despite volatility.

📊 STOCKS: IOC, RELIANCE, HPCL | 🏢 SECTOR: Energy | #MEDIUMIMPACT #CrudeOil