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Economy
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CNBC Awaaz03-01-2026, 09:41

India Demands Weekly Russian, US Oil Import Data Amid US Trade Talks

  • India's Oil Ministry requests weekly data from refiners on crude oil imports from Russia and America.
  • The move coincides with ongoing trade agreement discussions between India and the United States.
  • Data is for PM Narendra Modi's office to provide accurate information to the US, avoiding reliance on secondary sources.
  • Russian crude oil imports by India are projected to drop below 1 million barrels per day soon.
  • Russian oil supply to India has already slowed due to Western sanctions, hitting a three-year low of 1.2 million bpd in December.

Why It Matters: India tightens oil import data scrutiny, signaling potential shift in Russian oil reliance amid US trade talks.

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