← Market pulse
● Neutral for Indian equities
Russian crude to remain part of energy mix: Jaishankar to Panel
The brief
- S. Jaishankar said Russian crude will remain part of India’s energy mix
- Indian oil refiners are exposed to changes in Russian crude supply and sourcing
- Russia to take 70,000 Indian skilled workers this year, Jaishankar tells parliamentary panel
- Trade agreement can contribute to 'better' India-US ties, says Jaishankar
- Jaishankar meets Canadian, Mexican, Venezuelan counterparts at UNGA
India’s Russian oil exposure and supply shift
US tariff pressure over Russian oil put India in focus as the US-China trade truce was extended; replacing 1 million barrels per day of Russian crude could cost India up to $3.7 billion annually. Russian supplies had helped cushion disruptions, but September imports fell to a five-month low as refiners diversified and sought alternatives.
Saturday, 3 October
- Russian crude to remain part of energy mix: Jaishankar to Panel