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U.S. Sanctions Push Indian Refiners Away From Russian Crude
Market Intelligence Analysis
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Why This Matters
US sanctions on Russian oil producers have led to a significant decrease in Indian refiners' interest in purchasing Russian crude for December, with all but two refiners skipping orders. This shift is attributed to the reliance on cheap Russian crude in the past three years. The December purchasing window has been closed by Indian refiners.
Market Impact
Market impact analysis based on bearish sentiment with 76% confidence.
Sentiment
Bearish
AI Confidence
76%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
All but two Indian refiners have skipped placing orders for Russian crude for December after the U.S. sanctioned Russia’s top oil producers, Rosneft and Lukoil, sources with knowledge of the purchases told Bloomberg on Tuesday. India’s refiners, which have come to rely on cheap Russian crude in the past three years, have withdrawn from the December purchasing window which typically closes by November 10. Five large refiners, including state-owned Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum…
Original article published by
OilPrice.com
on November 11, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.