Back to today’s briefing

Story perspectives

India's Oil Imports Shift: Russia Drops, Iraq Rises

3/2/2025

39 6

Summary

Story summary

India's crude oil imports from Russia plummeted by 14.9% in February 2025, marking the lowest levels since January 2023, as US sanctions wreak havoc on supply chains. Meanwhile, imports from Iraq surged by 8.3%, while Indian refiners turned to Nigeria, Angola, Mexico, and Colombia to fill the gap left by dwindling Russian supplies.

1 of 1

Story summary

India's crude oil imports from Russia plummeted by 14.9% in February 2025, marking the lowest levels since January 2023, as US sanctions wreak havoc on supply chains. Meanwhile, imports from Iraq surged by 8.3%, while Indian refiners turned to Nigeria, Angola, Mexico, and Colombia to fill the gap left by dwindling Russian supplies.