India’s state-controlled and private refiners are expected to trim their near-term purchases of Russian oil as the U.S. is set to double tariffs on Indian goods to 50% as of Wednesday due to India’s imports of Russian crude. The top state-owned refiners and private refiners, including Reliance Industries and Rosneft-linked Nayara Energy, are projected to book between 1.4 million barrels per day (bpd) to 1.6 million bpd of Russian crude for October loading, anonymous sources familiar with the plans told Bloomberg on Tuesday. The volume…
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