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India pivots crude sourcing for certainty, keeps Russian barrels selectively

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo New Delhi, Jan 25 :  India’s crude oil sourcing strategy has shown a clear shift toward lower-risk and more execution-reliable supply, with the Middle Eastern barrels gaining share as Russian crude flows remain present but increasingly selective and compliance-driven. Import of Russian crude oil dropped to around 1.1 million barrels per day in the first three weeks of January, from an average of 1.21 million bpd in the previous month and over 2 million bpd imports in mid-2025, according to data from real-time analytics company Kpler. India, which is almost 90 per cent dependent on imports to meet its needs for crude oil – the raw material which is turned into fuels such as petrol and diesel in refineries, is again leaning on its traditional suppliers in the Middle-East.

India pivots crude sourcing for certainty, keeps Russian barrels selectively

Credit: Dailyexcelsior

Key Highlights

  • Iraq is now supplying almost the same volumes as Russia, up from an average of 9,04,000 bpd in December 2025, according to Kpler data.
  • Volumes from Saudi Arabia too have risen to 9,24,000 bpd this month, from 7,10,000 bpd in December and lows of 5,39,000 bpd in April 2025.
  • Russia displaced Iraq as India’s top crude supplier in 2022 after Indian refiners moved quickly to buy heavily discounted Russian oil that was left stranded when Europe and other Western buyers turned away following Moscow’s invasion of Ukraine.
  • Russian crude rose from under 1 per cent of India’s imports to roughly 40 per cent at its peak.
  • Fresh US sanctions on Russian suppliers, however, have triggered a slowdown in purchases as compliance and execution risks rise.
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Sources

  1. India pivots crude sourcing for certainty, keeps Russian barrels selectively

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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