MatchPoint Times

Home

Indian refiners avoid Russian oil in push for US trade deal

Cover Image for Indian refiners avoid Russian oil in push for US trade deal

Bharat Petroleum and Reliance Industries are not accepting offers from traders for Russian oil loading in March and April, says trader.

NEW DELHI: Indian refiners are avoiding Russian oil purchases for delivery in April and are expected to stay away from such trades for longer, refining and trade sources said, a move that could help New Delhi seal a trade pact with Washington.

The US and India moved closer to a trade pact on Friday, announcing a framework for a deal they hope to conclude by March that would lower tariffs and deepen economic cooperation.

Indian Oil, Bharat Petroleum and Reliance Industries are not accepting offers from traders for Russian oil loading in March and April, said a trader who approached the refiners.

Tags:Bharat PetroleumDonald TrumpEconomyimportsIndiaReliance IndustriesRussiaRussian oiltariffsthe US


US Congress to depose Epstein accomplice Ghislaine Maxwell

Currently serving a 20-year term for trafficking girls, Ghislaine Maxwell is expected to invoke her right to not answer questions.

🟡AFP

Trump administration appeals ruling on releasing New York City tunnel funds

US President Donald Trump’s administration appealed against a decision requiring the unfreezing of funding for the US$16 billion Hudson Tunnel Project.

🟡Reuters