Overview
- India, which requested an extension Thursday according to Bloomberg, has not had the move confirmed by either Washington or New Delhi.
- The U.S. Treasury waiver, first set in March and extended in April, expires at 12:01 a.m. GMT on May 16 and only covers Russian oil and fuels that were already loaded.
- Indian refiners lifted purchases to a record near 2.3 million barrels per day in May, Kpler said, taking advantage of the time‑boxed window.
- India has refused some Russia‑linked LNG offers that fall under U.S. sanctions, Reuters reported, leaving at least one cargo idling near Singapore.
- Petroleum minister Hardeep Singh Puri said India holds about 69 days of crude and LNG and 45 days of LPG, as the U.S. continues to press buyers to curb discounted Russian flows to sustain sanctions pressure.