Some refiners in India are preparing to reduce their purchases of Russian crude, Reuters has reported, citing unnamed sources in the know. The sources said the reduction would be gradual. The report follows an announcement by President Trump that India had agreed to reduce its imports of Russian energy after months of stating it would not do so. Per Trump, India’s Prime Minister Narendra Modi had assured him that Indian refiners would stop buying Russian crude “within a short period of time”. “So I was not happy that India…
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