Source: Reuters (via feed)
Indian refiners are avoiding purchases of Russian oil for delivery in April. Sources in refining and trading confirmed they expect to avoid such deals for a longer period. This shift aligns with efforts to secure a trade agreement with the United States. The decision marks a change from previous months when Indian firms increased their imports of Russian crude. Meanwhile, New Delhi continues to seek stronger trade ties with Washington, which may include reducing dependence on Russian energy supplies. Despite the move, Indian refiners have not issued official statements on their buying plans. This development follows ongoing diplomatic talks aiming to expand economic cooperation. It also reflects the strategic balancing act India faces between maintaining energy security and advancing international trade goals.
Indian refiners’ reduced purchases of Russian oil may influence global crude trade flows. This shift also impacts trade relations between India and key economic partners like the United States.
