Summary: India, the world’s third-largest oil importer, faces challenges in replacing Russian crude oil due to its refining capacity and cost considerations. While the U.S. has imposed tariffs on Indian exports, India’s reliance on Russian oil, particularly for its high-sulfur content, makes a complete halt difficult. Despite the potential impact on global oil prices, India is exploring alternative sources, including West African and South American crude, to mitigate the effects of U.S. tariffs and geopolitical tensions.

Link: https://www.cnbc.com/2025/08/07/cnbcs-inside-india-newsletter-indias-oil-options-in-a-post-russia-world.html