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India’s state-owned refiners keep buying Russian oil even as New Delhi seeks U.S. tariff relief
Market Intelligence Analysis
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Why This Matters
India's state-owned refiners are continuing to purchase Russian oil, potentially complicating their efforts to secure tariff relief from the US, despite a pullback by private buyers.
Market Impact
Market impact analysis based on bearish sentiment with 70% confidence.
Sentiment
Bearish
AI Confidence
70%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
India’s efforts to secure U.S. tariff relief are being complicated by continued Russian crude purchases by state-owned refiners, offsetting a pullback by private buyers.
Original article published by
CNBC
on January 7, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.