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Indian refiners have purchased about 60 million barrels of Russian crude for April delivery, more than double February’s volume, following a U.S. waiver allowing pre-March 5 shipments. Deals were struck at $5–$15 per barrel above Brent. The purchases

2026-03-25

Indian refiners have purchased about 60 million barrels of Russian crude for April delivery, more than double February’s volume, following a U.S. waiver allowing pre-March 5 shipments. Deals were struck at $5–$15 per barrel above Brent. The purchases ease supply constraints caused by the near-closure of the Strait of Hormuz, with companies like Mangalore Refinery & Petrochemicals and Hindustan Mittal Energy returning to the Russian market. India is also securing 8 million barrels of Venezuelan crude, its highest since October 2020, as global oil disruptions persist.

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CSPC Pharmaceutical Group (01093.HK): Net profit of RMB 3.88 billion, compared with an estimated RMB 4.87 billion, a year-on-year decrease of 10.3%.

CSPC Pharmaceutical Group (01093.HK): Net profit of RMB 3.88 billion, compared with an estimated RMB 4.87 billion, a year-on-year decrease of 10.3%.
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