Russian Oil Imports May Continue to Drop, Indian Minister Says

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India's oil imports from Russia may continue to decline as the country diversifies its suppliers, according to Oil Minister Hardeep Puri.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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India’s imports of Russian crude are expected to continue declining as the world’s third-largest buyer of the fuel diversifies suppliers, Oil Minister Hardeep Puri said.

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Original article published by Bloomberg on January 27, 2026.
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