Original Post by SanctionOilImpact (5 hours ago):
NYT piece today – India's 3-yr Russian oil spree ends with supertankers rushing pre-Nov 21 deadline. Refiners like HPCL, BPCL, IOC halted Dec orders, turning to Iraq/Saudi at premium. Kpler says 800k b/d Russian supply at risk short term. HPCL shares down 1% to 480, but Q2 profit was up 14%. With rupee weak, fuel prices up 5-7 rs/ltr possible? Holding 150 HPCL – defensive buy or wait for Q3 numbers?