Indian Oil Corp Halts 2 Million Barrel Iraq Cargo as Hormuz Shipping Risks Force Tanker Cancellation
Indian state-run refiners have suspended crude oil loadings from Iraq after mounting security risks in the Strait of Hormuz made vessel safety increasingly difficult to guarantee. Indian Oil Corp. specifically abandoned plans to load the supertanker Lila Jamnagar, which has a capacity of 2 million barrels, following recent days in which multiple freighters were struck by projectiles.
The pullback from Iraqi crude could leave more Middle Eastern oil stranded and accelerate India’s move toward alternative suppliers, reflecting broader industry concerns over Gulf shipping safety.
From the sources (7 posts)
@staunovoIndian Oil Corp cancels Iraq oil lifting amid attacks, sources say #oott
@reutersasiaIndian Oil Corp cancels Iraq oil lifting amid attacks, sources say
@kashishparpianiIndian Oil Corp. abandoned plans to load the supertanker Lila Jamnagar, which can hold as much as 2 million barrels of oil. The refiner concluded it was too risky for a fully laden tanker to attempt a Hormuz crossing, after several freighte
@oilheadlinenewsIndian Refiners Halt Iraq Oil Loadings as Hormuz Risks Escalate - Bloomberg
@staunovoTwo Indian state-run refiners have suspended crude oil loadings from Iraq as mounting security risks in the Strait of Hormuz make it increasingly difficult to ensure safety of vessels, according to people familiar with the matter. Indian O
@staunovoRT @anasalhajji: 🇮🇳India has lost its first crude shipment due to Houthi threats in the Red Sea. A Greek tanker carrying oil destined for a…
@oilandenergyIndia’s state refiners are pulling back from Iraqi crude as escalating attacks make the Strait of Hormuz too dangerous for tankers. The shift could leave more Middle Eastern oil stranded and accelerate India’s move toward alternative suppli