India Scales Back Russian Oil Amid US Trade Talks

India’s oil diplomacy appears to be entering a new phase. After nearly three years of dependence on discounted Russian crude, India’s biggest refiners, including Reliance, BPCL, HPCL, and Mangalore Refinery have not placed a single order for December delivery. The shift comes amid growing US pressure and Washington’s recent sanctions on Russia’s top oil producers, Rosneft and Lukoil. As India reduces Russian imports, a thaw in trade ties with the US is visible, with tariff rollbacks and a potential deal on the horizon. Simultaneously, New Delhi is turning to the Americas, Middle East, and Europe to secure new energy partnerships. Business Today TV decodes