India's state-run oil refiners are reducing their contracted Russian crude supply due to tightening US sanctions, with Indian Oil likely cutting term volumes. Rosneft failed to secure long-term contracts with major Indian refineries amid the sanctions.
🇮🇳 India refused to conclude contracts with Rosneft due to sanctions. ❗️Rosneft failed to conclude long-term contracts with the largest Indian oil refineries for the purchase of 500 thousand barrels per day, Bloomberg reports, citing six industry sources.
Indian oil firms are reportedly backing away from long-term deals for Russian oil amid tough sanctions https://t.co/QQLUueirGA
India’s state-run oil refiners are shying away from contracted Russian crude supply as the once-booming trade becomes much harder under tighter enforcement of US sanctions https://t.co/IouOY2tfR7 via @journorakesh https://t.co/s8eXwn6kn1
#India Cautious on Contracted Russian Oil as US Sanctions Bite State-owned Indian Oil likely to cut term volumes, sources say Tightening US penalties made Russia-India oil trade tougher #oott #Russia https://t.co/p4JEAH4VHb
India’s state-run oil refiners are shying away from contracted Russian crude supply as the once-booming trade becomes much harder under tighter enforcement of US sanctions https://t.co/q0QHLKZ4oa
Return of US oil sanctions would clip #Venezuela's output gains #oott https://t.co/c0YgYE0WPo