ADVERTISEMENTIndian refiners had snapped up some 20 million barrels of Russian oil, PTI reported. India imports close to 85 per cent of its crude oil requirement. “To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil,” Bessent wrote on X. Won’t disclose: RussiaThe Kremlin said on Friday that Russia would not disclose data on crude oil export to India and keep it secret from “too many ill-wishers”. “With supply risks rising and stocks thin, India must consider regular import of Russian oil rather than relying on narrow waivers covering cargoes already at sea.”

Source: The Telegraph March 07, 2026 00:15 UTC