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India Poised to Slash Russian Oil Imports After U.S. Trade Deal
Market Intelligence Analysis
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Why This Matters
India is likely to reduce its Russian oil imports by half following the U.S.-India trade deal, with state-controlled refiners halting spot market purchases of Russian crude.
Market Impact
Market impact analysis based on bearish sentiment with 85% confidence.
Sentiment
Bearish
AI Confidence
85%
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.
Indian refiners are poised to halve imports of Russian crude oil following the U.S.-India trade deal, sources with direct knowledge of the oil procurement deals told Bloomberg on Monday. All state-controlled refiners in India have suspended purchases of Russian crude on the spot market since the announcement of the deal, according to Bloomberg’s sources. State-held Indian Oil Corporation and Bharat Petroleum Corporation Limited (BPCL), as well as the top private refiner Reliance Industries, have not made any…
Original article published by
OilPrice.com
on February 9, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.