India Demands Weekly Oil Import Data Amid U.S. Trade Talks
India's government has requested weekly disclosures from refiners on oil imports from Russia and the U.S. This move aims to provide verified data during ongoing trade negotiations with the U.S. as Russian crude imports to India decline.
Insights:
India's government has taken an unprecedented step by requesting weekly disclosures from oil refiners regarding their imports of Russian and U.S. crude. This move, led by India's Petroleum Planning and Analysis Cell (PPAC), comes as part of efforts to provide verified import data to the United States amidst ongoing trade negotiations. The data is reportedly required by Prime Minister Narendra Modi's office, reflecting the heightened stakes in U.S.-India trade discussions.
