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

Economy
C
CNBC Awaaz•03-01-2026, 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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