Rubio's India visit puts energy security in focus as crude costs rise amid global disruptions: Kotak Neo's Banerjee
Mumbai, Oct. 21 -- India will continue to prioritise crude oil imports based on the lowest landed cost as global supply disruptions push prices higher, with U.S. Secretary of State Marco Rubio's visit bringing renewed focus on New Delhi's energy security and its imports of Russian oil, Anindya Banerjee, Head of Commodities Research at Kotak Neo, said on Wednesday.
Speaking with ANI, Banerjee said India's crude sourcing strategy would remain driven by energy diplomacy and commercial considerations, with refineries looking for the most cost-effective supplies amid tightening global availability.
"So whenever we get the cheapest crude, which is on a landed cost basis, that's exactly from where we are sourcing," Banerjee said.
His remarks ...
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