- Seven Russian oil tankers shift from China to India
- Route change follows US relaxation on Russian oil purchases
Hyderabad: Russian crude diversion to India has triggered fresh debate in the global energy market. Seven Russian oil tankers, which were earlier bound for China, have changed course and are now heading towards Indian ports. This unexpected move has drawn attention at the international level.
According to available information, these ships were moving through the South China Sea when they made a sudden U turn. They were initially scheduled to reach Chinese ports. However, they are now being redirected towards India. This shift comes at a time when oil supply from the Middle East has been disrupted due to the Iran war.
Meanwhile, one of the key vessels, Aqua Titan, began its journey from the Baltic Sea coast of Russia in late January. It was originally expected to reach the port of Rizhao in China. However, in mid March, while sailing through Southeast Asian waters, the ship changed its route.
This change is significant. It occurred just days after India received temporary relaxations from the United States on purchasing Russian oil. The vessel is now expected to arrive at the coast of Mangalore on March 21. Therefore, the timing of this diversion has raised several questions among observers.
Also, reports from Vartexa Limited confirm that not just one but at least seven tankers have altered their course. They have canceled their journey to China and are now heading towards India. This has added a new dimension to global oil trade discussions.
As a result, experts are closely watching the situation. The developments suggest a shift in trade patterns amid ongoing supply challenges. However, further clarity is awaited on how this trend will impact global markets in the coming days.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter, and Instagram. For all the latest Hyderabad News updates and Follow us on GoogleNews
More Stories…
Harish Rao Demands Minister Ponguleti Resignation Over 22A Land Row
Hyderabad, Aug 18 (Maxim News): The ongoing row over 22A (prohibited lands) list intensified, with BRS deputy floor leader and former Minister T Harish Rao demanding that Revenue Minister Ponguleti Srinivas Reddy resign, taking moral responsibility for the fiasco. He said lakhs of private properties were included in the 22A prohibited land list, putting citizens…
India vs Sri Lanka: India Build 300 Run Lead in Galle Test
India vs Sri Lanka entered a crucial phase on Day 4 of the first Test in Galle, with India building a lead of more than 300 runs. India resumed their second innings with a 178 run first innings advantage. The visitors then lost Yashasvi Jaiswal early on the fourth morning. Here To Join Us On…
