India Takes Major Step in Reducing Russian Oil Imports
India has begun a significant reduction in Russian oil imports, slashing them by 50% after recent high-level discussions with the United States. This move follows productive trade talks between the two countries, as confirmed by a White House official to Reuters. The discussions aimed to realign energy trade and reinforce international decision-making in the global oil market. 
Implications for Global Energy Markets
Indian refiners acted swiftly in response to US diplomatic efforts, signaling a shift in India’s energy sourcing strategy. This change could have wide-reaching effects on the global oil trade, potentially impacting prices and supply chains. The White House praised India’s cooperation, highlighting the importance of these trade talks in shaping global energy dynamics. By halving Russian oil imports, India demonstrates its commitment to diversified sourcing and international collaboration.
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