Story perspectives

India Slashes Russian Oil Imports Amid U.S. Tariffs

10/14/2025

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Summary

Story summary

In 2025, India's state-owned refiners cut Russian oil purchases by over 45% from June–September, from 1.1 million to 600,000 bpd.
The reduction followed U.S. tariffs on Indian imports, including a 25% penalty on Russian oil.
Reliance Industries Ltd. increased Russian oil imports.
The Russian crude discount narrowed from about $6 to $0.80 per barrel.
Analysts expect stable markets as OPEC+ plans to increase production, though tensions may affect Russia's supply.

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Story summary

In 2025, India's state-owned refiners cut Russian oil purchases by over 45% from June–September, from 1.1 million to 600,000 bpd.
The reduction followed U.S. tariffs on Indian imports, including a 25% penalty on Russian oil.
Reliance Industries Ltd. increased Russian oil imports.
The Russian crude discount narrowed from about $6 to $0.80 per barrel.
Analysts expect stable markets as OPEC+ plans to increase production, though tensions may affect Russia's supply.