Indian Refinery MRPL Bars Crude Suppliers From Hormuz, Red Sea Routes
India’s Mangalore Refinery and Petrochemicals Ltd. (MRPL) has become the first Indian refinery to tell crude suppliers to avoid both the Strait of Hormuz and the Red Sea, inserting the restriction into a spot tender for up to 1 million barrels of crude. The tender seeks cargoes for delivery between
Source: OilPrice.com
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DW NOTE
MRPL is ordering crude suppliers to avoid the Strait of Hormuz and the Red Sea entirely — not pricing in risk, eliminating route. A refiner doesn't restructure supply chains over temporary disruption; they restructure when the disruption is now the baseline. The crude market has bifurcated into deliverable and theoretical.