India Pauses Russian Crude Oil Purchases

The state refiners in India have not purchased any crude from Russia this week after U.S. President Donald Trump threatened secondary tariffs on the buyers of Russian oil and as discounts of Moscow’s crudes narrowed to alternatives, industry sources with knowledge of the procurement plans told Reuters on Thursday.  Indian Oil Corporation Limited (IndianOil), Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Limited (HPCL), and Mangalore Refinery and Petrochemicals Limited (MRPL) have not attempted to buy crude…