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10.0
Saudi Red Sea crude exports decline 41% from March peak
OilPrice.com·SA · IR·3 days ago
Mangalore Refinery and Petrochemicals Ltd. has become the first Indian refiner to explicitly prohibit crude transit through the Strait of Hormuz and the Red Sea in a spot tender. This shift in procurement policy reflects heightened risk aversion regarding maritime security in key energy chokepoints. It remains uncertain whether other Indian refiners will adopt similar restrictive clauses.
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