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Russian Crude Piles Up at Sea as India Steps Back
Market Intelligence Analysis
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Why This Matters
Russian crude oil exports are facing a challenge as India's refiners reduce purchases, resulting in a buildup of millions of barrels on tankers. This decrease in demand is attributed to a drop in Russian oil exports, which have fallen to their lowest level since August. The impact on Russia's oil exports is significant, with a decline of about 680,000 barrels per day from the pre-Christmas peak.
Market Impact
Market impact analysis based on bearish sentiment with 85% confidence.
Sentiment
Bearish
AI Confidence
85%
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.
Russian crude is piling up at sea as India’s refiners step back from purchases, leaving Moscow with millions of barrels on tankers and fewer clear outlets for its oil exports. Russia shipped an average of 3.18 million barrels per day of crude in the four weeks to January 25, according to vessel-tracking data compiled by Bloomberg. That volume was little changed from the prior week but down by about 680,000 bpd from the pre-Christmas peak and the lowest level since August. The bigger issue is not how much Russia is shipping, but where those…
Original article published by
OilPrice.com
on January 27, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.