• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Friday, June 5, 2026

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel war
  • Gilgit Baltistan Election
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

India monitors Russian oil for US deal

Published on: January 2, 2026 11:15 PM

New Delhi: India has asked its refiners to report weekly data on Russian and U.S. oil imports as part of efforts to strengthen trade negotiations with the United States, sources told Reuters. The government expects Russian crude purchases to drop below 1 million barrels per day (bpd) in the coming months.

Following the 2022 Ukraine war, India became the world’s largest buyer of discounted Russian crude, drawing Western criticism. In response to India’s heavy Russian oil imports, the U.S. doubled import tariffs on Indian goods to 50% last year. The new weekly reporting is meant to provide the Modi government with verified data to share with U.S. officials.

Read more: India defies sanctions with strong Russian oil imports

Sources said the information will remain internal and is intended to ensure accurate reporting to the U.S., rather than relying on third-party estimates. Indian refiners, including Reliance Industries and Indian Oil Corp, have not been instructed to cut purchases but are expected to reduce Russian imports due to sanctions and ongoing negotiations.

Analysts noted that Russian oil flows to India fell to a three-year low of 1.2 million bpd in December 2025, down from around 2 million bpd in June. Meanwhile, imports of U.S. crude are rising, reflecting India’s aim to diversify sources amid trade talks.

Read more: India begins major cut in Russian oil imports after US talks

The weekly reporting requirement marks the first time India has asked refiners for oil origin data on such a frequent basis. It signals New Delhi’s intention to balance energy security needs with diplomatic and trade priorities with the U.S.

Filed Under: World Tagged With: crude oil imports India, energy security, India Russian oil imports, Indian Oil Corp, Latest, Modi administration, Reliance Industries, trade tariffs, US-India trade talks

Submit a Comment




Primary Sidebar




Latest News

SBP reserves climb to $17.19 billion

Naqvi calls for joint SCO security strategy

US-Iran peace could unlock $20bn for Pakistan

Govt unveils fixed tax scheme for traders

FIFA launches World Cup game on Netflix

Pakistan

Naqvi calls for joint SCO security strategy

US-Iran peace could unlock $20bn for Pakistan

Momina Iqbal’s PECA complaint lands MPA in case

AJK elections slated for July 27; EC issues code

Khawaja Asif rejects demand on AJK refugee seats issue

More Posts from this Category

Business

Govt introduces fixed tax scheme for small traders nationwide

Gold and silver prices decline after market correction

Bitcoin slump deepens as investors chase AI opportunities

Weekly inflation eases as prices of some essentials decline

Federal budget proposes funding for Karachi development projects

More Posts from this Category

World

Iran ties peace deal to Lebanon ceasefire

CNN claims Israel used secret Azerbaijan bases

Iran fires warning missiles at US warships

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2026 Daily Times. All rights reserved.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.