IOC Buys 7M Barrels Amid US Tariff Row

  Published 8 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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