← Top stories
▲ Bullish for Indian Oil
Trade irony amid Trump threat: Why Russia is buying its own oil as fuel from India
The brief
- Russia is buying fuel from India because refinery outages and infrastructure disruptions constrain its ability to process crude
- Fuel exports may support Indian refiners, while crude sourcing and trade risks remain in focus
- Nifty slides to six-month low as US-Iran deal hopes fade, oil tops $100 a barrel
- Indian refiners buy costly West Asian barrels as Russian supply narrows
- Brent Stays Elevated Even As Saudi Arabia's East-West Pipeline Resumes Oil Exports
- Oil prices fall after Iran asks U.S. to return to failed memorandum of understanding from June
- Replacing 1 million bpd of Russian oil could cost India up to $3.7 billion annually