Overview
- Russia’s ambassador in New Delhi, Denis Alipov, said December–January deliveries to India fell to roughly 1.2 million barrels per day.
- Indian import data cited by Hindustan Times put January intake at about 1.215 million barrels per day, down 12% from December and 22% from November.
- Bloomberg reporting indicates Russia’s January oil output averaged about 9.28 million barrels per day, the second monthly decline and roughly 300,000 below its OPEC+ limit.
- More than a dozen tankers carrying up to 12 million barrels of Russian crude are lingering in the Indian and Pacific oceans without confirmed buyers, Bloomberg estimates.
- U.S. trade representative Jamison Greer said India has begun reducing Russian purchases and increasing U.S. supplies, while President Donald Trump said India now buys only small volumes from Russia.