Brent were up 27 cents, or 0.40%, to $67.11 a barrel, WTI rose 29 cents, or 0.46%, to $63 a barrel.

Trump has repeatedly threatened the largest buyers of Russian crude with sanctions if a deal to end the war in Ukraine is not reached. On Aug. 6, Trump issued an executive order raising tariffs on US imports from India from 25% to 50%, in response to what Trump described on Truth Social as India's "massive" purchases of Russian crude.

Physical export volumes in July increased 1.4% month-on-month to 7.3 million barrels per day, matching the export volume from a year earlier.

The refiner, part-owned by Russian oil major Rosneft PJSC, is an important pillar of the Indian market. Its 400,000 barrels-a-day processing plant accounts for 8% of the country’s refining, and the company operates 7% of its fuel stations.

Performance on the Oil Majors has been one to ponder on as shifts in pricing has been dependent majorly on Russian Oil supply point in case being India.

Russia has often raised crude exports to China via the Arctic route during the navigation season, when voyage time to the world's top seaborne crude importer is shorter and freight costs lower.

Brent were down three cents to $66.40 a barrel , WTI were down six cents, or 0.1%, to $63.82 a barrel.

Russia and India stressed their commitment to a "strategic partnership" in bilateral security talks in Moscow

"Russia will attempt to exploit the rift between the U.S. and India by proposing the restoration of the Russia-India-China trilateral and new projects in defence,"

Brent fell 75 cents, or 1.1%, to settle at $66.89 a barrel, WTI dropped 81 cents, or 1.2%, to settle at $64.35.

Imports of goods from Russia in the first quarter of 2025 totaled 8.74 billion euros ($10.11 billion), down from 30.58 billion euros four years earlier. Since January 2022, the EU has imported 297 billion euros' worth of Russian goods.

Trump's threat to India over its purchases of Russian oil started on July 31, when he announced a 25% tariff for Indian goods, along with an unspecified penalty.

Ожидаемый объём недополученных нефтегазовых доходов федерального бюджета прогнозируется в мае 2025 года в размере 12,3 млрд руб.

Ещё одной темой переговоров стала ситуация на нефтяном рынке и перспективы сотрудничества двух стран в рамках ОПЕК+.

The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation.