India's Haldia Refinery Shifts Feedstock Mix After Hormuz Supply Cut
🏭 INDIA — Iran's blockade is quietly rewiring Asian refinery inputs. 📌 LOOK CLOSER: Haldia processes Middle East sour crude — Hormuz disruption forces a switch to costlier or chemically mismatched alternatives, cutting margins and output efficiency. India can't easily absorb the shift: refineries are configured for specific crude grades. As Asian buyers scramble, Russian and African barrels reprice upward, narrowing the discount that made shadow-fleet imports attractive.
