Overview
- India’s Petroleum Planning and Analysis Cell has told refiners to submit weekly data on crude sourced from Russia and the United States for sharing with U.S. officials.
- Officials and industry sources say Russian crude arrivals are expected to slip below one million barrels per day in the coming months, though no cuts have been mandated.
- Verified weekly reporting replaces reliance on monthly customs data and private trackers, marking a first for India’s oil-origin disclosure.
- Russian inflows to India fell to about 1.2 million barrels per day in December from a peak near two million in June, according to Kpler and industry data.
- Refiners including Reliance Industries and Indian Oil Corp have not been formally instructed to reduce Russian purchases, as sanctions and trade negotiations reshape buying patterns.