Economy Bloomberg 16d ago

Russian Oil Backed Up at Sea After India’s Refiners Step Away

Market Intelligence Analysis

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Why This Matters

A significant amount of Russian oil has been backed up at sea due to India's refiners stepping away from purchasing Russian crude, resulting in a stockpile of approximately 60 million barrels since August.

Market Impact

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

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

About 60 million barrels has been added to Russian crude at sea since August

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Original article published by Bloomberg on January 27, 2026.
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