‘Modi’s War?’ The Truth Behind the India-Russia Oil Trade
6 Articles
6 Articles
Trump Says Modi Promised That India Will Stop Buying Russian Oil
US President Donald Trump said Wednesday that Indian Prime Minister Narendra Modi had promised him that New Delhi will stop buying Russian oil, months after Trump slapped punitive tariffs over the purchases.
Defiant India keeps Russia its top oil source. But here's the real story in 5 points
India has remained defiant in its energy choices, keeping Russia as its top oil supplier despite mounting US tariffs and diplomatic pressure. While state refiners have cut back, private giants like Reliance Industries and Nayara Energy have significantly increased Russian crude imports.
India continues to buy oil from Russia, America’s threat ineffective
New Delhi. The energy cooperation relationship between India and Russia has been growing stronger in recent years. Even though western countries, especially America, are continuously putting pressure on India to purchase oil from Russia, the reality is that India is giving priority to its energy security and economic interests. This is why Russia still remains the largest supplier of crude oil to India. Slight decline in oil imports, but Russia …
India Pivots Oil Imports: US Gains as Russian Supply Dips
India’s energy import strategy is undergoing a significant transformation, marked by a decline in Russian crude oil purchases and a concurrent surge in imports from the United States. Shipping data shows an 8.4% reduction in Russian crude deliveries to India between April and September, a development closely following Washington’s decision to impose a 25% tariff on oil originating from Moscow. Industry sources point to a tightening global oil ma…
India’s Russian oil imports in April-Sept declined 8.4% Y/Y: Report
New Delhi: India’s Russian oil imports between April and September fell 8.4% on year due to narrower discounts and tighter supplies, with refiners seeking more oil from the Middle East and the United States, according to trade sources and shipping data. The South Asian nation is also under pressure from Washington, which has doubled tariffs on Indian goods, to reduce Russian oil imports. White House trade adviser Peter Navarro had said India’s p…
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