Oil
India’s HPCL Struggles to Secure Oil Tankers as Hormuz Risks Persist
CEII brief
OilPrice.com reported on 6 Nov 2026: India’s HPCL Struggles to Secure Oil Tankers as Hormuz Risks Persist.
Read the full story on OilPrice.comHindustan Petroleum Corporation Limited (HPCL), a major Indian state-owned refiner, is struggling to hire tankers to transit the Strait of Hormuz and pick up cargoes in the Gulf, chairman Vikas Kaushal has told Bloomberg.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
13.1% of India’s merchandise exports were fuels in 2025Countries in this story
Original reporting © OilPrice.com. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
