India to Reduce Russian Oil Imports Amid US Sanctions Threat

Indian oil refineries are considering reducing their purchases of Russian oil due to new US sanctions and the threat of tariffs, according to multiple Bloomberg reports. In September, imports of Russian crude fell to 1.9 million barrels per day, the lowest since April this year. This move comes as India, the world's third-largest oil importer, has been purchasing more than half of its imports from Russia in recent months to combat high prices and ongoing supply disruptions from the Middle East. However, leading refineries are now exploring alternative oil batches due to the potential impact of US measures on Russian energy resources.