India’s HPCL Says Booking Tankers for Hormuz Still Complicated

Hindustan Petroleum Corp. said it faces challenges booking tankers to transit the Strait of Hormuz to pick up crude cargoes. The Indian oil refiner attributed the difficulties to operational constraints in the region, even as vessel traffic through the strait has increased and crude supply from the region has risen. HPCL did not specify which factors are preventing bookings or provide a timeline for when the issues might be resolved.

• Bloomberg — India’s HPCL Says Booking Tankers for Hormuz Still Complicated

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