{"id":1338623,"date":"2025-12-30T14:49:56","date_gmt":"2025-12-30T12:49:56","guid":{"rendered":"https:\/\/prm.ua\/russia-loses-key-market-india-reduces-oil-purchases\/"},"modified":"2025-12-30T14:49:56","modified_gmt":"2025-12-30T12:49:56","slug":"russia-loses-key-market-india-reduces-oil-purchases","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/russia-loses-key-market-india-reduces-oil-purchases\/","title":{"rendered":"Russia loses key market: India reduces oil purchases"},"content":{"rendered":"

Russian oil supplies to India could fall to their lowest level in three years in December, but imports could pick up again in early 2026 as major refiners resume purchases.<\/strong><\/p>\n

This is reported by<\/a> Bloomberg.<\/p>\n

Analysts estimate that average daily supplies in December will be about 1.1 million barrels, the lowest level since November 2022. At the same time, this figure exceeds early forecasts by Indian officials, who expected an even more significant reduction after the introduction of new US restrictions on Russian energy resources.<\/p>\n

Media reports indicate that India’s interest in Russian oil has declined in recent months due to increased US controls on trade. A drop in imports was recorded in July, but volumes have since partially recovered as some refineries, including Indian Oil Corp. and Bharat Petroleum Corp., resumed purchases thanks to better prices.<\/p>\n

The largest importer, Reliance, temporarily stopped buying Russian oil in late October after US sanctions against Rosneft and Lukoil. However, the company later resumed imports, working with suppliers not subject to sanctions. Russian oil is used at Reliance’s Jamnagar refinery in Gujarat for domestic needs.<\/p>\n

In the second week of December, average daily supplies fell to 712,000 barrels, before rising again. Indian officials had previously forecast volumes at around 800,000 barrels per day.<\/p>\n

Analysts attribute the reduction in December imports not only to a pause by Reliance, but also to a decrease in flows to the Mundra terminal of HPCL-Mittal Energy Ltd. and a complete refusal to purchase Russian oil by Mangalore Refinery and Petrochemicals Ltd., which happened for the first time since September 2022.<\/p>\n

An additional factor in the growth of imports in the near term may be the decision of Nayara Energy Ltd. to postpone scheduled maintenance of the oil refinery in Vadinar, which could potentially allow for increased purchases of Russian crude oil.<\/p>\n

As reported, the Russian economy is facing serious challenges due to the war in Ukraine, and the situation may worsen further in 2026.<\/a><\/p>\n

Also follow \u201cPryamim\u201d<\/strong> on Facebook<\/a> , Twitter<\/a> , Telegram<\/a> , and Instagram<\/a> .<\/p>\n","protected":false},"excerpt":{"rendered":"

Russian oil supplies to India could fall to their lowest level in three years in December, but imports could pick up again in early 2026 as major refiners resume purchases. This is reported by Bloomberg. Analysts estimate that average daily supplies in December will be about 1.1 million barrels, the lowest level since November 2022. […]<\/p>\n","protected":false},"author":59,"featured_media":1277424,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76870,76871,76872,76892],"class_list":["post-1338623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","category-news-2","category-news-feed","category-economy"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1338623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1338623"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1338623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/1277424"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1338623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1338623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}