The amount of supplies can change if India reaches a trade agreement with Trump, and the United States will weaken the pressure on New Delhi.
Indian oil refineries plan to reduce purchases in the coming weeks. This is a small concession in Washington less than a day before raising duties and a sign that New Delhi does not plan to ruin relationships with Moscow. Bloomberg reported this reference to resources.
States and private processors, including a large company Reliance Industries Ltd., are expected to buy from 1.4 to 1.6 million barrels per day for shipping in October and more. For comparison: in the first half of the year, the average acquisition reaches 1.8 million barrels per day.
US president administration Donald Trump, who seeks to reduce trade deficiency in India, has increased pressure on the country’s energy trade in Russia. This includes doubling US duties, which will enter into strength on August 27.
Volumes can change if India reaches a trade agreement with Trump, and the United States will weaken the pressure on New Delhi in connection with the financing of the Russian War with Ukraine.
Under the pressure of the need to end a trade agreement and achieve the development in Ukraine, Trump criticized India for the purchase of Russian oil and, in particular, for a sharp increase of acquisition from the beginning of the war in Ukraine.
According to Kasatkin Consulting, if in 2022 the extraction quantities were minimal, now this country will cost 37% of oil exports from Moscow. Since that time, US administration officials have increased pressure, speaking of public criticism of magnates of the country’s energy.
Remember, on August 11, President Vladimir Zelensky held a telephone conversation with India Prime Minister Narendra Modi.
The Russian Federation is forced to reduce oil prices after market loss in India – Intelligence
New Vid CORRESPONDENT.NET On the telegram that whatsapp. PIDS Insialle Our Channel https://t.me/KorresPondentNet Ta WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.