Indian state refiners have stopped buying Russian oil in the past week as discounts narrowed this month and U.S. President Donald Trump warned against purchasing oil from Moscow, industry sources said.

President Donald Trump says the United States and India are still negotiating on trade despite new tariffs slated to begin in a few days.

India’s oil refiners have been thrown into disarray after President Donald Trump cited their purchases of Russian crude as a reason for imposing hefty 25% import tariffs on all goods from the Asian nation.

Oil prices fell on Thursday as investors weighed the supply risks from U.S. President Donald Trump's push for a swift resolution to the war in Ukraine through more tariffs, while a surprise build in U.

Oil prices slipped slightly Wednesday morning as the market reacted to President Donald Trump’s latest deadline for Russia to end its war in Ukraine and his warning of 100% tariffs on countries still buying Russian oil.

The United States and Pakistan say they have reached a trade agreement that is expected to allow Washington to help develop Pakistan’s largely untapped oil reserves and lower tariffs for the South Asi

"We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves," Trump wrote on social media. "We are in the process of choosing the Oil Company that will lead this Partnership."

The US sealed a trade deal with Pakistan as their officials wrapped up talks in Washington, agreeing to develop oil reserves.