Most Indian Oil Refiners Skip Buying Russian Crude for December

India has scaled back purchases of Russian crude for arrival in December, showing that Western sanctions and trade talks with the US are having a major impact on buying patterns.

Five big Indian refiners haven’t placed any orders for Russia oil for next month, according to people familiar with the matter, who asked not to be named due the sensitivity of the trade. Typically, deals for crude for the following month are done by the 10th of the current month.