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India to Study New US Sanctions Law as 100% Tariff Provision Raises Trade Concerns: Piyush Goyal
India to Study New US Sanctions Law as 100% Tariff Provision Raises Trade Concerns: Piyush Goyal
Refiners prioritise affordable crude and supply security Key Highlights India’s dependence on Russian crude oil reached a historic milestone in July 2026, with imports touching a record 2.78 million barrels per day (bpd), according to commodity analytics firm Kpler. For the first time, Russian crude accounted for more than half...
India remained the second-largest buyer of Russian fossil fuels in June 2026, with crude oil accounting for 83% of its total purchases, according to a CREA report. Highlights India significantly increased its purchases of Russian crude oil in June 2026, reinforcing its position as Russia’s second-largest fossil fuel customer after...
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