Russian Crude Piles Up at Sea as India Steps Back

Russian Crude Piles Up at Sea as India Steps Back

Russian crude is piling up at sea as India’s refiners step back from purchases, leaving Moscow with millions of barrels on tankers and fewer clear outlets for its oil exports. Russia shipped an average of 3.18 million barrels per day of crude in the four weeks to January 25, according to vessel-tracking data compiled by Bloomberg. That volume was little changed from the prior week but down by about 680,000 bpd from the pre-Christmas peak and the…

With discounts & no US deal, Russia oil flows to India prove unexpectedly resilient

Flow is very unlikely to drop to near-zero as many had forecast after the US blacklisted Russian crude giants Rosneft PJSC and Lukoil PJSC.

Russia oil’s unexpected staying power in India extends into 2026

India oil imports: India continues to buy Russian oil, a key financial support for Moscow. Despite US pressure and sanctions, these imports are proving resilient. New Delhi is expected to maintain significant purchases of Russian crude well into 2026. The global market dynamics and attractive pricing are driving these decisions.

Russia Oil's Unexpected Staying Power in India Extends Into 2026

(Bloomberg) — For much of last year, discounted Russian oil made up the lion’s share of Indian purchases, a financial lifeline for Moscow that also shaved billions off New Delhi’s import bill. Then came US threats, tariffs, sanctions — and months of disruption.