Russian oil

India has warned that new US tariffs targeting buyers of Russian oil could harm bilateral ties, vowing to protect its energy security and trade interests.

Russian crude made up a record 50.83 percent of India’s oil imports in July, or 2.47 million bpd, even as US tariff threats loom.

Rosneft and Reliance seal a $130B, 10-year oil supply deal, reinforcing India’s status as the top importer of Russian crude