India’s Russian oil imports dip in July, skips Latin American supply, data shows

India’s Russian oil imports declined in July after jumping the previous month as some refiners slowed purchases due to smaller discounts, while Indian fuel demand also typically dips during the monsoon season, according to trade sources and data.

Russian oil imports for the world’s third-biggest oil importer and consumer are likely to slow further in August and September as Indian state refiners paused Urals crude purchases as discounts have narrowed while U.S. President Donald Trump warned India not to buy Russian oil.