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Indian Refiners Seek Alternatives to Russian Crude After Trump Tariff Threat ...Middle East
Indian oil refiners have started looking for alternative supplies of crude after President Trump threatened secondary sanctions on Russian energy exports if Moscow refuses to sign a ceasefire deal for the Ukraine. Bloomberg reported that companies such as Bharat Petroleum Corp. and Hindustan Petroleum Corp. were looking for oil cargoes from the Middle East, the North Sea, and the Mediterranean for May delivery in anticipation of tariff action. President Trump threatened a 25% tariff on all Russian oil, saying “If Russia and I are unable to…
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