Refined Products
India's largest refiner purchases Middle East and US crudes as Trump criticizes Russian purchases
Four trade sources reported on Monday that Indian Oil Corp had purchased 7 million barrels from the United States and Canada, as well as the Middle East. This comes at a time when U.S. president Donald Trump is intensifying his criticism of India over its purchases Russian oil. India is the largest buyer of crude oil by sea from Russia. Russia is currently under Western sanctions due to its involvement in Ukraine. Reports last week said that its main refiners stopped buying Russian oil as discounts from other suppliers shrank. Trump had threatened to impose hefty tariffs for imports of...