Free Trial

Russian Urals Tanker Unloaded in India After Month Delay

OIL

A Russian tanker that was floating off India’s west coast for more than a month has finally discharged its cargo, according to Bloomberg.

  • This is a sign that the disruption that had beset the trade previously is now abating.
  • The Afragold discharges around 0.1m mt of Urals at Mundra, according to Bloomberg. This follows it floating off India’s west coast for 36 days.
  • Five tankers also recently completed discharges after being delayed by over a week, with one tanker – Centurion – drifting for over 50 days.
  • Indian refiners had been rejecting Sovcomflot cargoes after it was sanctioned by the US.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.