India scours the globe for more oil ahead of Trump-Putin summit

  • Posted on August 14, 2025
  • By Business News Today
  • 1 Views
India scours the globe for more oil ahead of Trump-Putin summit

India's refiners are diversifying crude oil sources amid potential US pressure to curb Russian imports, spurred by President Trump's demands and tariff hikes. State processors are actively purchasing non-Russian crude from various global markets for September-October delivery. While private refiners may continue Russian imports, concerns over secondary sanctions are pushing some to explore alternative payment methods and smaller banks.
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