Chinese oil refiners have increased their purchases of Russian flagship crude oil, capitalizing on discounted cargoes that India has relinquished amid rising US trade tariffs on New Delhi. Despite the higher tariffs and criticism from the Trump administration, India's state-run refiners, including Indian Oil and Bharat Petroleum Corporation Limited (BPCL), have resumed buying Russian oil for September and October deliveries after a brief pause. Russian officials have expressed confidence that India will continue to buy its oil regardless of the US tariff measures. Analysts note that Chinese refiners are sweeping up Russian oil following the dip in Indian demand caused by the US tariff pressure.
Indian Oil, BPCL resume buying Russian oil for September, sources say - https://t.co/1mKzelkHWD via @Reuters
China adquiere petróleo ruso mientras cae la demanda india tras los aranceles de Trump https://t.co/1QB5aGcAaj
India's state-run refiners Indian Oil and Bharat Petroleum have bought Russian oil for September and October delivery, resuming purchases after discounts widened. Details: https://t.co/pKsW1X2WEU #IndianOil #BharatPetroleum #RussianOil #TariffWar #indiarussiatrade https://t.co/1enK9L6un7