US EditionIndia’s Russian oil imports set to rise in September in defiance of US: Reuters
Indian refiners plan to boost Russian oil imports by up to 20% in September benefiting from discounts amid Western sanctions and refinery disruptions in Russia, traders said.
- Next month, India is set to increase imports of Russian oil by 150,000–300,000 barrels per day, three trading sources said.
- Russian exporters cut prices after Ukrainian drone attacks damaged refineries, pushing Urals crude discounts to $2–$3 per barrel versus benchmark Brent.
- Vortexa data show India imported 1.5 million barrels per day in early August, and cheaper Russian crude has helped India's refiners keep costs down, supporting higher domestic refinery runs.
- U.S. officials raised tariffs to 50% after U.S. President Donald Trump doubled them Wednesday, while analysts warn halting Indian purchases could cut global oil supplies by about one million barrels per day and strain Russia's export revenues.
- Regulatory moves include an EU price cap $47.60 per barrel from September 2, 15% below Russian crude price, while traders say full impact may appear in cargoes arriving in October.
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India’s Russian oil imports poised to rise in September despite US tariffs
Russian oil exports to India are set to rise in September, dealers said, as New Delhi defies US punitive tariffs designed to force the country to stop the trade and push Moscow towards a peace deal with Ukraine
·Mumbai, India
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Coverage Details
Total News Sources28
Leaning Left5Leaning Right5Center3Last UpdatedBias Distribution38% Left, 38% Right
Bias Distribution
- 38% of the sources lean Left, 38% of the sources lean Right
38% Right
L 38%
C 23%
R 38%
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