Without an extension of the waiver, which expires May 16, Indian refiners may have to slash Russian imports from record highs of 2.27 million b/d so far this month.
Indian refiners expect demand for Russian oil supplies — which account for nearly half of the country’s overall oil imports to date in May — to thrive even if the fast-approaching US waiver on sanctioned crude at sea expires.
The face of India's purchases of Russian crude is changing amid continued US pressure and a growing divide between state and…
India’s efforts to secure U.S. tariff relief are being complicated by continued Russian crude purchases by state-owned refiners,…
With US tariffs now at 50% despite India's slowdown in Russian crude buying, state refiners are still pausing purchases but eying…
India's non-state refiners have gorged themselves on discounted Russian crude, leaving them particularly vulnerable to US…
U.S. has given India a waiver to buy Russian oil for 30 days as conflict in Middle East impacts global energy supply.
This comes as discounts narrowed in July and U.S. President Donald Trump warned countries not to purchase oil from Moscow,…
