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India's Russian Oil Imports Surge Before Sanctions Hit

11/26/2025

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Summary

Story summary

India's imports of Russian oil reach a five-month high at 1.855 million bpd in November, up from 1.48 million bpd in October.
The rise comes as Indian refiners secure supplies ahead of U.S. sanctions on Rosneft and Lukoil.
December imports are expected to fall to 600,000–650,000 bpd as refiners seek alternatives, with Reliance Industries Ltd. processing precommitted cargoes.

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Story summary

India's imports of Russian oil reach a five-month high at 1.855 million bpd in November, up from 1.48 million bpd in October.
The rise comes as Indian refiners secure supplies ahead of U.S. sanctions on Rosneft and Lukoil.
December imports are expected to fall to 600,000–650,000 bpd as refiners seek alternatives, with Reliance Industries Ltd. processing precommitted cargoes.