India on Saturday did not clarify whether it has decided to halt the purchase of Russian crude oil following the US decision to withdraw an additional 25 per cent tariff on Indian goods. The tariff rollback came after President Donald Trump announced a trade deal with India, under which duties on Indian exports would be reduced to 18 per cent

Oil market outlook 2026: Oversupply on paper vs shock premium in practice. Analysis of OPEC+ policy, U.S. shale response, inventory trends, demand growth, and volatility scenarios shaping Brent and WTI prices.