No impact of Trump pressure? Russia remains India’s main crude oil supplier; most economical option for Indian refiners
No impact of Trump pressure? Russia remains India’s main crude oil supplier; most economical option for Indian refiners
India's crude oil imports from Russia slightly decreased in September but still comprised over one-third of its total acquisitions, with Russia remaining the top supplier. Despite US pressure, Russian barrels are crucial for Indian refiners due to their economic viability and embedded supply chains, ensuring their core position in India's import mix.
India's crude oil imports from Russia slightly decreased in September but still comprised over one-third of its total acquisitions, with Russia remaining the top supplier. Despite US pressure, Russian barrels are crucial for Indian refiners due to their economic viability and embedded supply chains, ensuring their core position in India's import mix.