India Set to Scale Back Russian Oil Imports If US Waiver Lapses

Indian oil refiners may be forced to scale back imports of Russian crude if a US sanctions waiver is not extended beyond this weekend, with local processors grappling with the...

By Rakesh Sharma, Yongchang Chin · Bloomberg Markets

Indian oil refiners may be forced to scale back imports of Russian crude if a US sanctions waiver is not extended beyond this weekend, with local processors grappling with the fallout from the Iran war.