India's US crude imports rebound as Washington tightens screws on Russia

India may have bought over $1 bn of US oil in August; increasing such shipments helps it to trim trade surplus with the US

Even as Russia and West Asia have been slugging it out for market share in India to sell their crude oil, the US is quietly making its moves on the sidelines. The US has doubled its share of the Indian crude market in the last few months, as per industry sources and ship-tracking data.

Some of the increase in America's market share may have come at the expense of Russia, India’s biggest crude oil supplier, said industry sources.

India may have bought over $1 billion of US oil in August, according to calculations by Business Standard based