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U.S. Presses Europe as India Adds U.S. Crude and Defends Russian Oil Purchases

Trump’s 50% tariffs over Russian barrels took effect this week, underscoring India’s insistence on price‑cap compliance.

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President Donald Trump and Prime Minister Narendra Modi shake hands during a news conference in the East Room of the White House, in Feb
Peter Navarro, White House senior counsellor for trade and manufacturing, speaks to members of the media outside the White House in Washington, DC.

Overview

  • The White House has privately urged European governments to halt oil and gas imports from India and mirror U.S. penalties, according to reports citing sources familiar with the talks.
  • Indian Oil bought 5 million barrels of WTI for October–November delivery, while BPCL and Reliance purchased about 2 million barrels each as an Asia-bound arbitrage opened, trade sources said.
  • Refiners are expected to lift Russian crude intake in September by roughly 10–20% versus August as discounts deepen, Reuters trading sources reported.
  • ONGC chairman Arun Kumar Singh said group refineries will buy every available drop of Russian oil when it is economical and noted market instability from new U.S. duties.
  • Ukraine relied most on Indian diesel in July at 15.5% of imports, NaftoRynok reported, with shipments routed via Romania’s Danube corridor and Turkey’s OPET terminal.