Penalty tariffs by the US would mean that Russia’s crude oil imports would no longer be a lucrative option for India. US President Donald Trump’s fresh threat of 100% secondary tariffs on countries trading with Russia poses an important question – will India’s crude oil supply be hit? At present, India and China are the main purchasers of Russian oil.India …
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Addressing critics of India’s Russian oil imports, Puri noted that certain commentators make unwarranted criticisms of Indian policies. (AI image) India’s ongoing crude oil imports from Russia have contributed to global energy price stability, according to Petroleum and Natural Gas Minister Hardeep Puri. He has said that discontinuing Russian oil trade would have caused crude prices to surge beyond $120-130 …
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The February loading statistics from Russia and US ports will primarily reflect in March’s Indian imports. (AI image) Russian oil exports to India have decreased by approximately 25% in February due to sanctions, while US oil shipments have seen a near 100% increase, aligning with India’s commitment to boost American energy purchases to $25 billion.Data from energy cargo tracker Vortexa …
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