Industry Activity - Vitol is preparing to load the first cargo of Syrian crude oil since the lifting of western sanctions [1] Energy Sector Recovery - Syria's energy industry is attempting to recover following the lifting of sanctions [1]

Refiners in India, among the largest buyers of Russian crude, are planning to trim their purchases in the coming weeks, a modest concession to Washington’s hawks less than a day ahead of a hike in US tariffs https://t.co/dRnyIvxUvY ...

India’s state-run refiners have returned to buying Russian oil after a brief pause, despite the South Asian nation facing higher tariffs for the trade and a volley of criticism from Trump officials https://t.co/dxzpGTUHpF ...

US Treasury Secretary Scott Bessent claimed some of the “richest families in India” benefited from the purchase of Russian crude oil, while reiterating plans to boost tariffs on the South Asian nation https://t.co/veDTj9MofF ...

India’s state-owned oil refiners are pulling back from purchases of Russian crude for now, according to people with direct knowledge of the companies’ procurement plans https://t.co/h9RPA4eW7Z ...

Market Trends - Russian crude oil is being offered to Indian buyers at lower prices due to EU sanctions and potential US penalties [1] Supply and Demand - Demand outlook is clouded by EU sanctions and US threats of penalties [1]

Market Impact - A crackdown on Russian crude would have knock-on consequences [1]

China’s imports of Iranian crude contracted by almost a third last month, in part due to subdued demand from private refiners after they saw higher shipments in June. https://t.co/eCyEbK52FD ...

Crude Oil Procurement - India's largest oil refiner acquired millions of barrels of crude oil from the US and UAE [1] Geopolitical Pressure - The South Asian nation faces increasing pressure from the US and Europe regarding its crude oil purchases from Russia [1]

Indian oil refiners are being squeezed by both the US and European Union’s efforts to target Russian energy flows, with processors scrambling to buy crude from alternative sources https://t.co/38SmX73ykH ...