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Trump's oil claim...
Financial Express Kochi
|October 17, 2025
REUTERS REPORTED ON Thursday that some Indian refiners are preparing to cut Russian oil imports, quoting three unidentified sources, following Trump’s statement.
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India is the third-largest importer of oil and fourthlargest LNG importer. After the rising scrutiny by the US on India’s purchases of Russian oil, the country’s refiners have started diversifying their oil sourcing while continuing the purchase of Russian barrels.
Jaiswal said that ensuring stable energy prices and secured supplies have been the twin goals of India’s energy policy.“This includes broad-basing our energy sourcing and diversifying as appropriate to meet market conditions,’ he added.
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