this post was submitted on 05 Aug 2025
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cross-posted from: https://lemmy.sdf.org/post/39860999

Indian Oil Corp has bought 7 million barrels of crude from the United States, Canada and the Middle East, four trade sources said on Monday, as U.S. President Donald Trump ramped up his criticism of the country over its purchases of Russian oil.

India is the biggest buyer of seaborne crude from Russia, which is under Western-led sanctions over its war in Ukraine.

[...]

India imported about 1.75 million barrels per day of Russian oil from January to June this year, up 1% from a year ago, according to data provided to Reuters by trade sources.

IOC, India's largest refiner, bought crude via a tender from the United States, Canada and the Middle East for September arrival, the trade sources said on Monday. They declined to be named because they were not authorised to speak to the media.

The refiner bought 4.5 million barrels of U.S. crude, 500,000 barrels of Western Canadian Select (WCS) and two million barrels of Das oil produced in Abu Dhabi, the sources said.

The higher-than-normal purchases are partly to replace Russian barrels, two of the sources said.

[...]

[Edit typo.]

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