IOC Buys 7M Barrels Amid US Tariff Row

  Published 11 months ago

Indian Oil Corp bought 7M barrels from US, Canada, and UAE as Russian oil purchases pause under Trump tariff threats.

  • IOC purchased 4.5M barrels of US crude, 0.5M WCS from Canada, and 2M barrels of Das oil from UAE.
  • The move follows Trump’s criticism of India’s Russian oil trade and threat of 25% tariffs on Indian goods.
  • Indian refiners paused Russian crude buys recently as discounts narrowed and US pressure intensified on oil trade routes.
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