Domestic fuel demand in India is heading toward a record 5.4 million BPD while supplies from the Middle East are squeezed. New Delhi is balancing the need for affordable energy with the threat of US penalties, while watching if Washington applies the measures equally to other large buyers like China.
Tuesday, October 20, 2026
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Indian Refiners Explore Russian Crude Cuts After US Law Sets 100% Tariffs
Commodities30 days ago
President Trump signed a sweeping sanctions bill last week that targets the trade of energy from the Russian Federation. The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 authorizes tariffs of up to 100% on buyers of Russian energy, prompting Indian processors to consider reducing crude purchases for November delivery. Russia currently provides over a third of India's imports.
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