Overview
- India averaged about 1.18 million barrels per day of Russian crude in the first half of January, with Indian Oil near 500,000 bpd, Nayara around 471,000 bpd, and BPCL about 200,000 bpd, according to Kpler data cited by Times Now.
- Reliance Industries has taken no Russian barrels since November at Jamnagar and none so far in January, as sanctions risks and EU fuel-origin rules weigh on its export strategy.
- Russia remained India’s top individual supplier in December even as Russian flows slid to a near multi‑year low and OPEC’s share rose to about 53.25% of India’s crude imports, Reuters-reported data show.
- Analysts report new Russian trading entities are routing barrels through non‑sanctioned sellers, a shift expected to keep flows to India relatively steady around 1.2–1.4 million bpd.
- The U.S. has increased pressure with a 25% tariff and threats of much higher levies, while India’s government has issued no formal curbs and told refiners to act in their commercial interest.