Indian OMCs seen resilient to sanctions on Russian oil: Fitch
Fitch Ratings predicts India’s state-run oil companies will weather new US sanctions on Russian energy giants and EU bans on refined products. While OMCs are expected to comply, some may still process Russian crude via non-sanctioned routes, potentially securing discounts and protecting margins.🕒 1 min read
Fitch Ratings predicts India’s state-run oil companies will weather new US sanctions on Russian energy giants and EU bans on refined products. While OMCs are expected to comply, some may still process Russian crude via non-sanctioned routes, potentially securing discounts and protecting margins.
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