Amidst Trump’s tariffs, India buys more US oil – competitive prices at play; trade deficit to narrow
Indian refiners are increasing their purchases of US crude oil in August due to competitive pricing, potentially reducing the trade imbalance with the US amidst diplomatic tensions. Despite US tariffs, India remains committed to its strategic autonomy in procuring Russian crude, with plans to further increase Russian oil imports in September.🕒 1 min read
Indian refiners are increasing their purchases of US crude oil in August due to competitive pricing, potentially reducing the trade imbalance with the US amidst diplomatic tensions. Despite US tariffs, India remains committed to its strategic autonomy in procuring Russian crude, with plans to further increase Russian oil imports in September.
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