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- The seller is commodity trader Trafigura, the sources said.
With a mission to supply useful insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.Read More The business model shift “forces an overdue evolution from value arbitrage to real innovation, which is healthy, but a mismanaged transition might devastate urban economies, real estate, and ancillary services,” Talathi warned. While the joint assertion on the trade framework did not specifically point out Russian oil, U.S. The Merey cargo is priced in opposition to the Dubai benchmark and reflects charges just like these at which Reliance Industries acquired Venezuelan oil from dealer Vitol, one of many sources said. The deal indicators a broader effort by Indian refiners to diversify crude imports as they reduce reliance on Russian provides, a transfer seen as supportive of New Delhi’s efforts to advance a commerce pact with Washington.
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