Russia oil shipments to India drop 66% amid US sanctions
after close1 source ↓written by the desknot a recommendation
- in crude shipments
- 66% drop
- during the first
- 672,000 bpd
- in October
- 1.88 million bpd
- oil shipments fell
- 28%
- 2.78 million bpd
US sanctions on Russian oil firms have led to a 66% drop in crude shipments to India in November. Shipments averaged 672,000 bpd during the first half of the month, down from 1.88 million bpd in October. This decline reflects caution among Indian refineries as they navigate compliance with US regulations.
• Overall Russian oil shipments fell 28% to 2.78 million bpd
• About 50% of tankers are currently without specified destinations
This situation may impact crude prices and supply chains in the region.
Not investment advice. For informational purposes only.