Monday, August 04, 2025

India Buys US, Canada and Middle East Oil After Halting Russian Imports

Good news! This should give Putin the Terrible some headaches!

India has maintained good relations with the former Soviet Union and with Russia for decades. As the key member of the Non-Aligned Movement (NAM), this could signal a major move by India.

"India’s top oil refiner, the Indian Oil Corporation (IOC), bought seven million barrels of crude from the United States, Canada and the Middle East for September delivery via a tender, several trade sources told Reuters on Monday. ...

Previously, Reuters reported that Indian state refiners – IOC, Hindustan Petroleum Corporation, Bharat Petroleum Corporation and Mangalore Refinery Petrochemical had stopped purchasing Russian oil. ..."

India Buys US, Canada and Middle East Oil After Halting Russian Imports "India’s leading state-owned refiner IOC buys turns to alternative crude supplies following Trump’s tariff threats against those countries importing from Russia."

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