India could slash its crude import bill by nearly $3 billion annually by strategically shifting from Russian oil to Venezuelan heavy crude. A discount of $10-12 per barrel on Venezuelan oil makes this switch commercially viable,

Crude oil steadies after Iran headlines trigger a shakeout as traders watch demand, strong dollar pressure, and key trend line support to gauge market direction.

Analysts at Mirae Asset Sharekhan expects WTI Crude oil futures to trade within a broader $59-$66 per barrel range in the coming weeks.

India will significantly reduce crude oil imports from Russia, adhering to a US-brokered trade deal that lowers tariffs on Indian goods. While existing contracts will be honored, new orders for Russian crude will cease,

According to the reports, the deal is linked to stopping purchases of Russian oil and reaching an agreement to increase the purchase of energy products from the US.

For Oil India stock, the consolidation zone around 480–490 is a key support, with the setup favouring further upside toward the 540–560 target zone in the near term, Shah said.

Moody’s warns that an immediate halt to India’s Russian crude imports would disrupt global oil markets, even as New Delhi accelerates a shift toward non-Russian supplies under pressure from a new U.S.

Fox News contributor Robert Wolf and Solus Asset Management strategist Dan Greenhaus discuss President Donald Trump’s trade deal with India and what it means for oil purchases on ‘America Reports.’