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India's Oil Imports from Russia Hit Five-Month High

11/29/2025

31 6 Full Breakdown

Summary

Story summary

India's oil imports from Russia are set to reach a five-month high in November at 1.855 million bpd, up from October.
The rise follows Indian refiners securing supplies ahead of U.S. sanctions on Rosneft and Lukoil.
Imports are expected to drop in December due to heightened caution among Indian state refiners.
Russia aims to boost oil exports to China, which imports about 1.4 million bpd, as cooperation deepens amid sanctions.

History

Historical Context

The 1973 Oil Embargo, initiated by OAPEC in response to Western support for Israel during the Yom Kippur War, led to a 25% reduction in oil production and caused prices to quadruple. Today, India's projected oil imports from Russia, at 1.855 million barrels per day, highlight ongoing geopolitical tensions and the lasting impact of energy dependence established during the 1970s crises.

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Story summary

India's oil imports from Russia are set to reach a five-month high in November at 1.855 million bpd, up from October.
The rise follows Indian refiners securing supplies ahead of U.S. sanctions on Rosneft and Lukoil.
Imports are expected to drop in December due to heightened caution among Indian state refiners.
Russia aims to boost oil exports to China, which imports about 1.4 million bpd, as cooperation deepens amid sanctions.

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