India’s state refiners have stopped buying Russian oil in the past week as discounts narrowed this month and U.S. President Donald Trump warned against purchasing oil from Moscow, industry sources said. India, the world’s third-largest oil importer, is the biggest buyer of seaborne Russian crude. The country’s state refiners, Indian Oil, Hindustan Petroleum, Bharat Petroleum and Mangalore Refinery Petrochemical Ltd, have not sought Russian crude in the past week or so, four sources familiar with the refiners’ purchase plans told Reuters.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

European Central Bank keeps key interest rate on hold amid war

The European Central Bank has kept its key interest rate on hold,…

Missile launched from Yemen towards Israel

The Israeli army says it detected a missile launched from Yemen towards…

China urges US to immediately lift tariffs, vows retaliation

China on Thursday urged the United States (US) to immediately cancel its…

Lebanon death toll since March 2 surpasses 3,700: Health Ministry

At least 3,711 people have been killed and 11,483 injured since Israel…