US EditionIndia’s Refiners Demand Clarity on Russian Oil After Trump Post
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4 Articles
India’s Refiners Demand Clarity on Russian Oil After Trump Post
India’s oil refiners, a vital source of demand for Russian crude, are seeking clarification from the government in New Delhi as to whether their purchases will be affected by Donald Trump’s latest social media post.
Indian refiners — the biggest buyers of the Russian Urals — are expanding their pool of suppliers following the 18th EU sanctions package, which tightened restrictions on Russian oil and oil products.
Value of India's crude imports from Russia surges significantly at a CAGR of 96% during FY20-FY25: Report - ChiniMandi
New Delhi [India]: India’s oil and gas sector is undergoing a strategic transformation amid a fast-changing global landscape marked by shifting alliances, sanctions, and rising geopolitical uncertainty, according to the recent Rubix Industry Insights report. In a significant shift, Russian oil now dominates India’s crude basket, accounting for about 35 per cent of total imports in Financial Year (FY) 2025, it was mere just 2 per cent in FY2020. …
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