Indian Refiners Increase Russian Crude Purchases Despite Tariffs ...Middle East

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Indian Refiners Increase Russian Crude Purchases Despite Tariffs
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India’s refiners are expected to import more Russian crude oil in September compared to this month’s levels as discounts are deepening amid Russia’s constrained refining capacity due to Ukrainian drone strikes, traders told Reuters on Thursday.  A few weeks ago, the biggest Indian state-owned refiners, including IndianOil and BPCL, pulled out of spot purchases of Russian crude for cargoes loading in October, after the U.S. announced an additional 25% tariff on India over its imports of crude from Russia. The overall…

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