INTERVIEW: Oil’s rally towards $100/b may diversify India’s crude buying further, says FIPI chief

Oil’s climb towards $100/b may prompt Indian refiners to diversify their crude import basket as fears grow that a Russia-Ukraine conflict could disrupt flows and squeeze supplies in a market that is already feeling the pinch due to lower availability, the head of the Federation of Indian Petroleum Industry told S&P Global Platts. As geopolitical tensions rise, leading oil importers…