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India ramping up Russian oil imports amid US trade talks Bloomberg
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India's imports of Russian oil are likely to remain strong for November and December deliveries, although volumes may fall short of recent highs, the media outlet said, citing people familiar with the procurement plans.
Deliveries of Russian crude to India rose by 5.6% in August to 1.6 million barrels per day (mbd), according todatafrom analytics firm Kpler.
New Delhi's continued purchases of Russian oil have drawn the ire of the US, which has slapped 25% punitive tariffs on India, in addition to 25% levies imposed after the two countries could not arrive at a trade deal.
"When I found out that the European nations were buying oil from Russia... And, as you know, I am very close to India, I am very close to the prime minister of India.
A delegation led by US Trade Representative for South Asia Brendan Lynch held a new round of negotiations with Indian officials in New Delhi on Monday.
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