Indian Oil rules out shift from Gulf crude
New Delhi: Indian Oil Corp has no plans to shift away from Gulf crude despite the current uncertainties, as the region offers freight advantages and its refineries are configured to process Gulf grades, Chairman A S Sahney said.The company does not foresee any immediate disruption to crude supplies despite the resumption of hostilities in West Asia. "We are comfortable till August and most of September," Sahney said.Indian Oil is currently not receiving any crude through the Strait of Hormuz or the Red Sea route, he said, adding that the situation remains highly volatile. The company is prepar