India's Oil Strategy Amid US Pressure and Global Tensions
TL;DR
India's state-owned oil refiners are temporarily halting Russian crude purchases due to increased US pressure and tariffs, with plans to await government guidance, potentially shifting to Middle Eastern and other sources to meet demand, amid geopolitical tensions and market adjustments.
- India’s State Refiners Pause Russia Oil Buys as US Adds Pressure Bloomberg.com
- CNBC's Inside India newsletter: India's oil options in a post-Russia world CNBC
- Trump wants India to stop buying Russian oil. Why is Modi saying no? CNN
- US to hike tariffs on India to 50 percent over Russian oil purchases Politico
- If America goes after India’s oil trade, China will benefit The Economist
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