1. No US pressure on India to stop buying Russian crude Oil Minister Hardeep Singh Puri

No US pressure on India to stop buying Russian crude Oil Minister Hardeep Singh Puri

India

  • Oil Minister Hardeep Singh Puri, on Tuesday, said India has faced no US pressure to cut Russian crude imports.
  • Speaking at an industry event in Goa, Puri said purchases depend on the discounts and prices on offer.
  • Russian crude was 0.2% of India’s imports before the Ukraine war and rose sharply on discounts after it.
  • Ship-tracking data shows Middle East imports back to pre-war levels in September as Russian buying fell.

Source: moneycontrol.com

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