India Pushes U.S. to Extend Russian Oil Waiver as Imports Hit Record High

The world’s third-largest crude importer, India, has asked the United States to extend its waiver on sales of Russian oil already loaded on tankers beyond the current waiver expiry date, May 16, sources with knowledge of the matter told Bloomberg on Thursday. Since the middle of March, the U.S. Treasury has already extended twice waivers on the sale of Russian crude that’s already loaded onto tankers. In the latest waiver extension at the end of April, the U.S. Treasury Department extended the exemption by an additional…