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Indian Oil

Indian Oil Refiner Turns to US and UAE Crude Amid Trump’s Threats

India’s largest state-owned oil refiner, Indian Oil Corp (IOC), has sharply increased its purchases of crude oil from alternative suppliers, acquiring at least 5 million barrels from the United States and another 2 million from Abu Dhabi. According to Bloomberg, citing traders familiar with the transactions, the deliveries are scheduled for the near future—making them unusually urgent by the company’s usual standards. Washington Increases Pressure on New Delhi IOC’s intensified activity follows mounting pressure from both the United States and the European Union, which have recently criticized India for increasing its imports of Russian oil. President Donald Trump has once

August 1, 2025