Indian Refiners to Cut Russian Oil Imports After US Trade Deal

• Indian refiners may reduce Russian oil imports following an interim trade agreement between India and the US.
• Refiners will not place new orders once existing ones are fulfilled, aligning with agreement conditions.
• The US reduced tariffs on Indian goods from 50% to 18% in exchange for India stopping Russian oil purchases.
• The White House claims India has promised to cease direct or indirect oil imports from Russia.
• Nayara Energy may continue Russian oil imports due to Rosneft's stake and limited alternative suppliers.