Despite US President Donald Trump’s pressure on India to stop purchasing crude oil from Russia, state-run Indian Oil Corporation has placed an order for five cargoes scheduled for December delivery. According to a Reuters report quoting sources, IOC has bought five Russian crude oil shipments from non-sanctioned entities. The Donald Trump administration recently announced sanctions on two of Russia’s largest oil firms - Lukoil and Rosneft. Even as Indian refiners are expected to adhere to the sanctions, they are also expected to continue procurement of Russian crude from non-sanctioned firms. Indian Oil Corporation has procured approximately 3.5 million barrels of ESPO crude at prices comparable to Dubai quotes, scheduled for December delivery to an eastern Indian port, a

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