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Indian Oil Refiners Secure Cargoes as U.S. Waivers Expire

4/17/2026

47 9 Full Breakdown

Summary

Story summary

Indian oil refiners are securing cargoes as U.S. waivers for Russian and Iranian oil expire.
The Russian waiver ended on April 11, while the Iranian waiver will lapse on April 19.
Reliance Industries Ltd rejected two Iranian oil cargoes for non-compliance with its requirements.
State-run Indian Oil Corporation Ltd purchased a 2-million-barrel Iranian crude cargo, its first in seven years.

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Story summary

Indian oil refiners are securing cargoes as U.S. waivers for Russian and Iranian oil expire.
The Russian waiver ended on April 11, while the Iranian waiver will lapse on April 19.
Reliance Industries Ltd rejected two Iranian oil cargoes for non-compliance with its requirements.
State-run Indian Oil Corporation Ltd purchased a 2-million-barrel Iranian crude cargo, its first in seven years.