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The Economic Times

Economy / The Economic Times

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Carrot & Slick: India readies to hike US oil buys

India's oil ministry and state-run companies are preparing for a significant increase in US crude oil and natural gas imports, aiming to boost bilateral trade. This strategic shift comes as Russian supplies are expected to decrease, with Indian refiners likely to absorb higher freight costs to meet expanding domestic demand.

5 Feb 2026 5:30 am