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India Reduces Russian Oil Imports Amid US Sanctions and Price Discounts

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Source: Tribune India
India Reduces Russian Oil Imports Amid US Sanctions and Price Discounts
Photo: Tribune India
TL;DR

India plans to reduce its direct imports of Russian crude oil from late November due to new US sanctions on Rosneft and Lukoil, leading major refiners like Reliance, Mangalore Refinery, and HPCL-Mittal to halt or reduce Russian oil purchases, with alternative sourcing and complex logistics expected to fill the gap.

Topics:worldbusiness#business#india#oil-trade-routes#reliance-industries#russian-oil-imports#us-sanctions
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  1. Amid US sanctions, India to cut direct Russian oil imports from December  Tribune India
  2. Russian oil discounts widen as Indian and Chinese refiners cut purchases, sources say  Reuters
  3. Russia's Crude Deliveries Plunge as US Sanctions Begin to Bite  Bloomberg.com
  4. COMMODITY TRACKER: 5 charts to watch this week  S&P Global
  5. Russia’s Oil Exports Plunge to Lowest Level in Months After US Sanctions  UNITED24 Media

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