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#India’s state-owned oil refiners are pulling back from purchases of Russian crude for now, according to people with direct knowledge of the companies’ procurement plans, as Washington ratchets up the pressure on New Delhi over the flows with a wave of harsh tariffs. #oott
Russian crude oil is being made available to Indian buyers at lower prices as European Union sanctions and the prospect of penalties from the US dampen demand. #RussianOil #Russia #EuropeanUnion #TariffsOnIndia https://t.co/XdVWscfezL
Russian crude oil is being made available to Indian buyers at lower prices as European Union sanctions and the prospect of penalties from the US dampen demand. #RussianOil #Russia #EuropeanUnion #TariffsOnIndia | @BorisPradhan https://t.co/QOrGFMj3vU
Russian crude is being offered to Indian buyers at deeper discounts as fresh European Union sanctions and the prospect of U.S. penalties squeeze demand, according to data provider Kpler Ltd. People familiar with procurement plans say India’s state-owned refiners have temporarily scaled back purchases after Washington imposed a wave of steep tariffs and warned of further measures aimed at curbing Moscow’s oil revenue. The pullback threatens one of Russia’s largest remaining export outlets and underscores how coordinated Western measures are reshaping global crude trade flows, even as sellers attempt to tempt buyers with lower prices.
