India's crude oil imports from Russia hit three-year low
India's crude oil imports from Russia dropped to 1.1 mb/d in January 2026, the lowest in over three years, as US sanctions prompted refiners to reduce purchases. This decline from 1.7 mb/d in 2025 reflects significant shifts in global oil supply dynamics.
pre-market1 source ↓written by the desknot a recommendation
- in January 2026
- 1.1 mb/d
- in 2025
- 1.7 mb/d
- drop in Russian
- 350,000 b/d
India’s crude oil imports from Russia fell to 1.1 mb/d in January 2026, the lowest level since November 2022, due to US sanctions. This marks a significant decline from 1.7 mb/d in 2025, as refiners seek alternative supplies amid increased pressure from the US and EU restrictions.
The International Energy Agency noted a 350,000 b/d drop in Russian supply, impacting Indian refiners significantly. This shift highlights the changing dynamics in global oil trade, with China increasing its Russian imports to record levels.
Not investment advice. For informational purposes only.