India's imports of Russian crude fell 16.5% in August to around 2.1 million barrels per day, while preliminary September data pointed to roughly 1.9 millio…
India's imports of Russian crude fell 16.5% in August to around 2.1 million barrels per day, while preliminary September data pointed to roughly 1.9 million bpd, Reuters reported. The decline comes as New Delhi and Indian refiners assess alternative supplies amid increased U.S. pressure on countries purchasing Russian energy. The shift matters for crude trade flows because India has been one of the largest buyers of discounted Russian OilOil refers to a globally traded energy commodity whose price is shaped by supply, demand, inventories, geopolitics, and economic activity. The term belongs in Level 7 because it...Read More, while potential U.S. sanctions or TariffTariff refers to a tariff is a tax imposed by a government on goods and services imported from other countries. The term belongs in Level 7 because it helps connect macro condit...Read More measures could further reshape sourcing decisions.
