India, Russia
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India's Russian oil imports declined in July after jumping the previous month as some refiners slowed purchases due to smaller discounts, while Indian fuel demand also typically dips during the monsoon season,
It comes as U.S. President Donald Trump imposed an additional 25 percent tariff on India for buying Russian oil.
The rapprochement is not about Trump's tariffs, but easing tensions on the disputed Himalayan border, writes Harsh V. Pant.
India bought canola oil for delivery in August for the first time in nearly five years, as local prices hit a 3-½-year high, making overseas purchases lucrative, industry officials told Reuters.
Sky-high US tariffs are prompting India and Brazil to explore opportunities to boost oil trade, as New Delhi looks for alternatives to Russian oil, while Brazil scouts for newer markets for its growing crude output,
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Tehelka on MSNRussia-India oil trade-India's 'big oil lobby profiteering' claims Trump's trade advisor; calls New Delhi 'laundromat' for Kremlin
White House Trade Advisor Peter Navarro has made some starling and serious allegations against India. In his opinion piece in a leading newspaper earlier this week Navarro claimed that "what really drives this trade is profiteering by India's big oil lobby",
India gets tariff relief after Trump-Putin Alaska talks as Russia offers oil discounts and assures S-400 delivery in the middle of US sanctions pressure.
Air India and Indian Oil Corporation Limited (IOCL) on Tuesday signed a Memorandum of Understanding (MoU) for the supply of Sustainable Aviation Fuel (SAF), marking what both companies described as a major step towards greener air travel in India.