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India Redefines Oil Imports, Reduces Russian Dependence

1/26/2026

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Summary

Story summary

India is shifting its oil import strategy to reduce reliance on Russian crude amid Western sanctions.
Indian Oil Corporation Limited purchased 7 million barrels for March loading, including 1 million barrels each from Angola's Hungo and Clove and 2 million from Brazil's Buzios.
The shift follows a two-year low in India's Russian oil imports in December and a rise in OPEC supplies, signaling a move away from Russia.

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Story summary

India is shifting its oil import strategy to reduce reliance on Russian crude amid Western sanctions.
Indian Oil Corporation Limited purchased 7 million barrels for March loading, including 1 million barrels each from Angola's Hungo and Clove and 2 million from Brazil's Buzios.
The shift follows a two-year low in India's Russian oil imports in December and a rise in OPEC supplies, signaling a move away from Russia.