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Even as Indian refiners are expected to adhere to the sanctions, they are also expected to continue procurement of Russian crude from non-sanctioned firms. (AI image) Despite US President Donald Trump’s pressure on India to stop purchasing crude oil from Russia, state-run Indian Oil Corporation has placed an order for five cargoes scheduled for December…
According to the International Energy Agency, India buyd 1.9 million barrels per day during the first nine months of 2025. (AI image) Donald Trump sanctions impact: With the US and EU imposing fresh sanctions on Russian oil, Indian oil refiners have stopped any fresh orders of Russian crude. According to a Reuters report, the refiners…
US crude oil imports to India surged due to economic factors, including a favourable arbitrage opportunity. (AI image) In a move that is possibly aimed at reducing trade issues with the Donald Trump administration, India has stepped up its crude oil imports from the US substantially. Crude imports in the month of October have hit…
India already faces 50% US tariffs, of which 25% penal tariffs are on account of its crude imports from Russia. (AI image) US President Donald Trump’s move to sanction two of Russia’s largest oil firms – Rosneft and Lukoil – may finally force India and China to drastically reduce or even stop their crude oil…
India has shown openness to procure US energy and diversify its crude basket, but has been firm on its right to decide the source of crude oil buys. At a time when India is engaged with the US and European Union for trade talks, Commerce Minister Piyush Goyal has made it clear that no trade…
