The Headlines – India to cut Russian oil imports in a big way? Major refiners may halt direct trade from late November; alternative sources being explored

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The Headlines – India to cut Russian oil imports in a big way? Major refiners may halt direct trade from late November; alternative sources being explored

India plans to significantly reduce direct imports of Russian crude from late November due to new US sanctions targeting Rosneft and Lukoil. Major refiners like Reliance Industries and state-controlled entities will halt purchases, leading to a sharp decline in December deliveries.

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