India set to curtail Russian oil imports after new US sanctions on Rosneft, Lukoil: Report| Business News

India is set to curtail its Russian oil imports to comply with new US sanctions on two top Moscow-backed producers, Reuters reported on Thursday citing sources. That potentially removes a major hurdle to the India-US trade deal that’s been in the works for months. India imported 1.7 million barrels per day of Russian crude in […]

Indian Oil-led India refiners to pare down Russian oil imports after Trump comments| Business News

India’s Russian oil imports could drop as refiners led by Indian Oil Corp. Ltd. wait for official guidance from New Delhi after US President Donald Trump said Prime Minister Narendra Modi had committed to stop taking the crude. Russian oil has accounted for roughly a third of India’s crude imports so far this year. (Reuters) […]