Brief by Shorts91 Newsdesk / 05:26am on 09 Feb 2026,Monday India Global
Indian oil refiners, including Indian Oil, Bharat Petroleum and Reliance Industries, are avoiding purchases of Russian crude for April delivery to support New Delhi’s effort to finalize a trade agreement with the United States by March that would lower tariffs and deepen economic cooperation. These firms have declined trader offers for Russian oil in March and April, although some previously scheduled March deliveries remain. India’s imports of Russian oil have already fallen sharply from 2025 peaks, driven partly by diversification to other suppliers and geopolitical pressures. A key private buyer, Nayara, won’t import Russian crude in April due to maintenance. (PC: Reuters)
