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Indian Refiners Urged to Buy More U.S. and Venezuela Oil
Market Intelligence Analysis
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Why This Matters
India's government is urging refiners to buy more U.S. and Venezuelan oil, shifting away from Russian crude due to trade deal commitments, while also mentioning a 25% tariff on India.
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 government has asked refiners to consider buying more crude cargoes from the U.S. and Venezuela on the spot market as Indian oil purchases are under scrutiny following the trade deal with the United States. Indian refiners are steering clear of Russian crude in the wake of the trade deal with the United States, which the White House said includes India’s commitment “to stop directly or indirectly importing Russian Federation oil.” The 25% tariff on India that President Donald Trump placed in August 2025,…
Original article published by
OilPrice.com
on February 11, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.