India’s HPCL Struggles to Secure Oil Tankers as Hormuz Risks Persist
Hindustan Petroleum Corporation Limited (HPCL), a major Indian state-owned refiner, is struggling to hire tankers to transit the Strait of Hormuz and pick up cargoes in the Gulf, chairman Vikas Kaushal has told Bloomberg.…
India’s HPCL Struggles to Secure Oil Tankers as Hormuz Risks Persist
What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,…
Hindustan Petroleum Corporation Limited (HPCL), a major Indian state-owned refiner, is struggling to hire tankers to transit the Strait of Hormuz and pick up cargoes in the Gulf, chairman Vikas Kaushal has told Bloomberg.
Despite the recovery of crude oil flows from the Gulf via Hormuz to nearly pre-war levels, buyers continue to struggle with scarce vessel availability and last-minute decisions by shipowners not to brave the Strait to load crude oil from inside the Persian Gulf.
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