India’s largest private oil refiner Reliance Industries is reportedly halting its purchases of Russian crude.

➡️In September, Reliance purchased around 629,590 barrels of Russian crude per day from Rosneft and Lukoil, out of India’s total imports of 1.6 million barrels per day.

➡️Other Indian refiners are also looking to cut back on Russian oil purchases, raising hopes of a U.S.-India trade deal.

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