India Diversifies Crude Oil Imports Amid US Trade Deal and Russian Supply Shifts
3 days agoBusiness
22LENS
25 SourcesNew Delhi, India
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India Diversifies Crude Oil Imports Amid US Trade Deal and Russian Supply Shifts

India is adjusting its crude oil imports amid evolving global trade dynamics, with a noted reduction in Russian oil purchases and increased sourcing from the US, Middle East, Africa, and other regions. While US President Donald Trump claimed India agreed to halt Russian oil imports in exchange for tariff relief and to buy more from the US and Venezuela, the Kremlin and Indian officials have not confirmed such an agreement. Experts highlight challenges in fully replacing Russian crude due to differences in oil grades, volumes, and logistics. India emphasizes energy security and diversification as strategic priorities amid ongoing trade discussions and geopolitical considerations.

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