India’s Oil Imports Set for Record High in January

Market Intelligence Analysis

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Why This Matters

India's oil imports are expected to reach a record high in January due to increased non-Russian crude purchases, offsetting the decline in Russian crude imports.

Market Impact

Market impact analysis based on bearish sentiment with 70% confidence.

Sentiment
Bearish
AI Confidence
70%
Time Horizon
Short Term

Article Context

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India is on track to import record-high volumes of crude oil and condensate in January as refiners boost non-Russian purchases to replace barrels lost to U.S. sanctions, energy flow tracking firm Vortexa said in a report on Wednesday India’s crude and condensate imports will likely hit 5.2 million barrels per day (bpd) this month—a new record, as deliveries of cargoes laden with non-Russian oil surged. The jump in non-Russian crude imports is set to more than offset the decline in India’s imports of Russian crude, according to…

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Original article published by OilPrice.com on January 28, 2026.
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