India Demands Weekly Russian Oil Data from Refiners Amid US Trade Deal Push

India
M
Moneycontrol•03-01-2026, 08:33
India Demands Weekly Russian Oil Data from Refiners Amid US Trade Deal Push
- •India asks refiners for weekly disclosures of Russian and US oil purchases.
- •The move aims to provide timely, accurate data to Washington for a potential trade deal.
- •India became the biggest buyer of discounted Russian oil post-Ukraine war, leading to increased US tariffs on Indian goods.
- •Russian crude imports are expected to dip below 1 million bpd, despite no explicit order to cut purchases.
- •This marks the first time the Indian government has sought weekly import data from refiners.
Why It Matters: India tracks Russian oil imports weekly to bolster US trade deal negotiations and provide accurate data.
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