India Oil Imports

India rebalances crude slate as Saudi gains, Russian flows ease

India's crude import strategy is entering a phase of calibrated rebalancing rather than abrupt realignment, with Middle Eastern suppliers led by Saudi Arabia regaining market share even as Russian volumes remain significant but increasingly shaped by geopolitics and compliance constraints, according to shipping data and analysts. During February 1-18, India's total crude imports averaged 4.85 million barrels per day (bpd), down 8 per cent from January's 5.25 million bpd, as flows from Russia cooled following US sanctions on key Russian exporters and the European Union's 18th sanctions package coming into effect last month. Ship tracking data showed Russian shipments to India declining from 1.28 million bpd in December 2025 to 1.22 million bpd in January and further to around 1.09 million bpd in early February, down about 10 per cent month-on-month. "Russian crude imports into India are estimated at around 1.0-1.2 million bpd in February, easing toward roughly 800,000 bpd to 1 millio

Bharat Petroleum, HPCL Mittal buy Venezuelan oil amid crude sourcing shift

The crude was bought in two separate deals and will be co-loaded on a very large crude carrier to cut shipping costs, lifting India's Venezuelan imports to at least 6 million barrels through April

Indian Oil, HPCL buy 2 million barrels Venezuelan oil from Trafigura

New ‌Delhi has not officially announced plans to halt Russian oil imports

Russian oil tankers position close to India amid lack of clarity on US FTA

Officials of Indian refiners evaluating Russian crude alongside other grades from Brazil, Angola and UAE

'Commercial viability key': MEA says open to Venezuela, other crude sources

The MEA said India is open to sourcing crude from Venezuela and other countries based on commercial viability, adding that energy security for 1.4 billion people remains its top priority

Kremlin says India's oil diversification 'nothing new' amid US trade deal

After India-US trade deal, Kremlin says India has always bought oil from many countries; Moscow sees India's plan to diversify oil supplies as nothing new or surprising

Replacing Russian oil likely to be a challenge for Indian refiners

Along with price discounts, India must replace around 1.7 million barrels per day of average Russian crude imports

Indian refiners likely to need wind-down period to halt Russian oil imports

Indian companies have already booked cargoes loading in February and arriving in March, so a wind-down period would be needed to fulfil existing commitments

Trump claims India will buy Venezuelan oil: 'We've already made that deal'

Donald Trump claimed India will buy Venezuelan oil instead of Iranian crude as Washington moves to cut Russia-linked oil trade and ease some sanctions on Venezuela

US pitches Venezuelan crude to India as its Russian oil imports fall

The US effort to supply Venezuelan crude to India comes as Washington also seeks to reduce Russian oil revenues that are funding the war in Ukraine

Reliance set to buy sanctions-compliant Russian oil in February, March

Reliance last received Russian crude in December after securing a one-month US concession that allowed it to wind down dealings with the sanctioned Russian oil producer Rosneft

India stopped buying Russian oil after Trump's 25% tariff, claims Bessent

The Trump administration is weighing a Russia sanctions bill by Senator Lindsey Graham that would allow the US to impose tariffs of at least 500 per cent on countries that continue buying Russian oil

India's Russian crude oil buys may average 1.2 mbpd amid sanctions: Kpler

India is diversifying its crude slate by stepping up purchases from traditional suppliers such as Iraq and Saudi Arabia

India's crude lifelines surge as sanctions reshape global oil flows

Recent geopolitical developments have seen record fuel supplies, expanded discounts on oil and robust domestic appetite for fuel

Venezuela crisis unlikely to hit India oil prices in near term: Crisil

On January 3, the US launched a large-scale operation in Venezuela's capital Caracas and captured President Nicolás Maduro and his wife Cilia Flores

Closely tracking developments: India on US bill on tariffs over Russian oil

India on Friday said it is closely following developments relating to a proposed American legislation that seeks to impose up to 500 per cent tariff on countries procuring Russian crude oil. India and China are among a handful of countries which are procuring a significant volume of crude oil from Russia. US Senator Lindsey Graham, the author of the bill, said this week that President Donald Trump has green-lighted the proposed legislation. "We are aware of the proposed bill. We are closely following the developments," External Affairs Ministry Spokesperson Randhir Jaiswal said at his weekly media briefing here. "Our position on the larger question of energy sourcing is well known." "In this endeavour, we are guided by the evolving dynamics of the global market and by the imperative to secure affordable energy from diverse sources to meet the energy security needs of our 1.4 billion people," he said.

India's Russian oil imports in Jan may fall as RIL expects no deliveries

India's imports of Russian crude are likely to dip below 1 million barrels per day ‌as New Delhi seeks to clinch a trade deal ​with Washington

US President Trump warns India of even higher tariffs over Russia oil

Trump warns of higher tariffs on Indian imports if New Delhi continues buying Russian oil, sharpening trade tensions amid stalled India-US deal talks

'Important to make me happy': Trump's fresh tariff warning to India

Donald Trump claimed Prime Minister Narendra Modi knew he was not happy about India's purchase of Russian oil, saying the US could further raise tariffs 'very quickly'

Why Russian oil shipments to India are set to plunge in Dec and what's next

Overall Russian oil deliveries to India had slowed to as little as 712,000 barrels a day in the second week of December, before rising, according to Kpler