Mumbai, Oct. 17 -- With global energy markets bracing for potential shockwaves, R Ramachandran, Director-Refineries (Retd.), BPCL, has stepped forward to decode Washington's unexpected policy shift.

Speaking to ANI, Ramachandran weighed in on the US decision to waive sanctions under the Lindsey Graham Act for the Russian crude market.

Ramachandran noted that the policy shift would enhance formal Russian crude availability and offer Indian refiners a broader range of economical choices. However, he emphasised that the industry's approach remains measured.

"The Lindsey Graham Act has been kept on a waiver with a certification from the President, and we do not know the duration for which it will be continued," Ramachandran said. "Presumab...