Indian refiners avoid Russian oil in push for US trade deal

Core Viewpoint - Indian refiners are avoiding Russian oil purchases for April delivery, which may facilitate a trade agreement between New Delhi and Washington [1] Group 1: Industry Impact - The decision by Indian refiners to steer clear of Russian oil is expected to extend beyond April, indicating a significant shift in sourcing strategies [1] - This move could enhance India's diplomatic relations with the United States, potentially leading to a favorable trade pact [1] Group 2: Market Dynamics - The avoidance of Russian oil by Indian refiners reflects broader geopolitical considerations affecting global oil trade [1] - The refining and trade sectors are closely monitoring these developments, as they may influence pricing and supply chain dynamics in the oil market [1]