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Market move▼ Bearish for Indian equities
Russian oil supply to India tightens on reduced exports, strong Chinese demand
- India’s energy resilience built over years helped shield consumers from global disruptions: Oil Minister Puri
- Putin signs decree limiting energy export data disclosure
- Russia remains India's top crude supplier in September amid supply squeeze
- Oil Rises on Geopolitical Risks, Stockpile Decline
- India to continue diesel exports despite possible US ban amid tightening global fuel market
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.
Monday, 28 September
- Russian oil supply to India tightens on reduced exports, strong Chinese demand