Pakistan, Oct. 17 -- The United States said India has cut its Russian oil imports by half, boosting trade discussions between the two countries. A White House official stated that Indian refiners reduced Russian crude purchases by 50%. However, Indian industry sources denied this claim, saying no official directive has been issued. The confusion has created uncertainty over India's future oil buying strategy.
Despite U.S. claims, Indian refiners continue to import large volumes of Russian oil. Sources said purchases for November and December are already locked in. Data firm Kpler estimates India's Russian oil imports will rise 20% this month. The increase follows a rise in Russian exports after attacks on its refineries. India's oil mini...
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