Russian Oil Exports to India Fall to 310,000 Barrels per Day
Source Summary
India has reduced crude oil imports from Russia to 310,000 barrels per day, driven primarily by economics rather than U.S. tariff threats. Russian Urals crude prices loaded from Baltic ports have risen sharply and now nearly match Middle Eastern crude prices, while increased availability of Middle Eastern oil through the Strait of Hormuz has made alternative sources more competitive.
Why it matters
The shift reflects how global crude markets respond to price signals and supply availability rather than geopolitical pressure alone, affecting Russia's energy revenue and India's refinery sourcing strategy.
