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Russian crude supplies enabled India to cushion against oil supply shocks caused by West Asian war: Deputy FM

1 source · first seen 07:40 27 Sept · updated 07:40 27 Sept

The brief

Written from 1 report · check the source before you trade
  • Russia increased oil supplies to India amid West Asian conflict disruptions
  • Russian crude imports nearly…
  • Russian crude availability affects Indian refiners, fuel prices and oil-import costs

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Part of a developing story6 updates over 3 days

India’s Russian oil imports and US tariff pressure

The extension of the US-China trade truce until January 10 raised concerns that India could face greater US tariff pressure over Russian oil. Replacing 1 million barrels per day of Russian crude could add up to $3.7 billion annually to India’s oil bill, while India was expected to maintain its position on national interest.

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1 report · earliest 07:40
Economic TimesRussian crude supplies enabled India to cushion against oil supply shocks caused by West Asian war: Deputy FM07:40