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India’s Imports of Russian Oil Dropped Sharply in December
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Why This Matters
India's imports of Russian oil dropped sharply in December, with Russian oil exports to India falling to less than 25% of the country's total imports, the lowest in 38 months. This decline is attributed to a 27% decrease in Russian oil purchases, from $3.72 billion to $2.71 billion, and a 1.39 million barrel daily decrease in volume terms. This trend suggests a shift in India's oil import strategy.
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 oil exports to India fell to less than 25% of the country’s total imports in December, from 34% in November, hitting the lowest in 38 months, The Hindu reported, citing data from the Indian Ministry of Commerce and Industry. Russian oil purchases in December were worth $2.71 billion, down from $3.72 billion a month earlier, and from a high of $5.87 billion in May 2024. In volume terms, India imported 5.8 million tons of Russian crude in December, or about 1.39 million barrels daily. This was the lowest monthly total since February…
Original article published by
OilPrice.com
on February 6, 2026.
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