India Increases Oil Imports from US, Canada, and UAE

India has increased its oil purchases from the US, Canada, and the UAE following threats from Trump. Reuters writes about this, citing several sources in the market.

Specifically, India's largest oil refining company, Indian Oil Corp, has purchased seven million barrels of crude oil from the US, Canada, and the United Arab Emirates for delivery in September.

The volume of India's oil purchases from these three countries has been larger than usual. According to experts, such changes are related to the efforts of Indian companies to replace Russian oil products.