India’s imports of Russian oil could almost halve from already weaker recent levels, according to people with direct knowledge of the purchases, after US President Donald Trump issued an order detailing some terms of a trade deal between the two nations.
All state-owned and private refiners, with the exception of Nayara Energy Ltd, had paused buying any spot cargoes since Trump first mentioned the deal in a social media post about a week ago, according to the people, who asked not to be named…
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