State-run Indian Oil and Rosneft-backed Nayara Energy increased Russian crude imports in January, even as India's overall purchases declined under US sanctions. Reliance Industries received no supplies.
India's imports of Russian crude oil are declining again, causing tankers to pile up at sea with uncertain destinations. Here's why this shift is happening.
India seeks Venezuelan oil as Russian supplies dwindle. With 303 billion barrels in reserves, Venezuela could become India's new affordable energy partner.
India has slipped to the third position among importers of Russian crude oil, with China now leading. This shift reflects changing global energy dynamics and market strategies.
India's imports of Russian crude oil fell sharply by 29% month-on-month in December, hitting the lowest level since price cap implementation. However, January shows a strong turnaround with over 1.1 million barrels already imported by mid-month.
India dropped to third among buyers of Russian fossil fuels in December 2025 as Reliance Industries and state refiners sharply cut crude imports following new US sanctions, data shows.
India's imports of Russian fossil fuels fell to 2.3 billion euros in December, down from 3.3 billion euros in November, pushing the country to third place among buyers.
The US, the world's largest oil producer, still relies on imports of heavy sour crude. Discover why Venezuelan oil is key to American refineries and the complex geopolitics shaping this energy dependence. Read the full analysis.
A proposed US law with 500% tariffs on Russian crude buyers could severely impact India's export market. Learn about the bill's details and its potential consequences for India's economy.
India imports over 85% of its crude oil. With rising geopolitical tensions & US tariffs, how is India securing its energy future? Analysis of diversification, strategic reserves & the road ahead.
India is closely tracking a proposed US legislation that could impose tariffs up to 500% on nations buying Russian crude. Officials reaffirm energy security needs for 1.4 billion people.
MEA states India is closely watching Trump's proposed 500% tariff on Russian oil. India's energy buys are driven by market needs for national security. Read the full statement.
The US proposes a controlled system for India to buy Venezuelan oil, aiming to diversify supplies while maintaining pressure to reduce Russian crude imports. A test for India's strategic autonomy.
The US seizes a Russian-flagged oil tanker in the Pacific, prompting Moscow to deploy a submarine. This escalation highlights the ongoing global tensions over sanctions enforcement. Read the full details.
Despite being the world's largest oil producer, US refineries rely on heavy crude from Venezuela, Canada & Mexico. Learn why the shale boom hasn't solved this dependency.
India's crude oil import cost averages $59.92/barrel in January. Analysts predict further fall to $53.31 by March, easing the nation's import bill. Read the full analysis.
A new report reveals India imported €144 billion worth of Russian crude since the Ukraine war began, reshaping global energy flows as EU imports fell. Read the full analysis.
India has imported €144 billion worth of Russian crude since the Ukraine invasion, becoming Moscow's second-largest fossil fuel buyer. Discover the data and shifting dynamics amid sanctions.
India's crude oil imports from Russia are poised for a sharp decline in January, potentially hitting a multi-year low, as Reliance Industries halts shipments. Explore the impact of US pressure and trade talks.
Reliance Industries has stopped imports of Russian crude oil this January due to payment issues and sanctions. The move impacts India's energy trade dynamics. Read more for details.
SBI Research predicts a sharp fall in crude oil prices to $50 per barrel by mid-2026, driven by inventory buildup. This significant softening is expected to positively impact India's inflation and economic growth. Read the full analysis.
US intervention in Venezuela could unlock discounted heavy crude for India's complex refineries, offering diversification amid pressure on Russian oil imports. Experts see medium-term gains.
US President Donald Trump warns India of swift tariff hikes if it doesn't address Russian crude imports. Indian exports face a 50% tariff, with half linked to Russian oil purchases. Explore the data and strategic dilemma.
The US threat of secondary sanctions & tariffs on Russian oil forces India into a tough balancing act between energy security & diplomacy. Explore the economic and geopolitical implications.
US President Donald Trump warns India of potential tariff hikes if it doesn't address Russian oil purchases. Get the latest details on this developing trade tension.
India's crude oil imports from the US soared over 92% in April-Nov 2025. Russia remains the largest supplier, but its share fell to 33.7%. Explore the shifting energy dynamics.
US military action in Venezuela is expected to trigger a surge in crude oil and commodity prices due to geopolitical tensions. However, India's minimal trade ties mean limited economic impact. Read expert analysis.
Russian crude suppliers now offer Indian refiners discounts up to $8 per barrel, doubling since October. This could lower India's import bill as global oil prices hover around $60. Read more.
Oil markets opened 2026 cautiously as a forecast 3.8 million barrel daily surplus counters Middle East tensions. Key OPEC meeting set for Jan 4. Read the full analysis.
Indian Oil Corp makes landmark Colombian crude purchase as Russia sanctions reshape global oil flows. Discover how India is diversifying its energy sources.