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India imports more Russian crude, but mix of buyers shifts

India's oil imports from Russia are set for a six-month peak in December. This surge continues despite U.S. sanctions. Nayara Energy is significantly increasing its Russian crude intake. Conversely, Reliance Industries is reducing its imports. State-owned companies are now the primary buyers of Russian oil for India. These trends suggest India is prioritizing discounted oil over political risks.

11 Dec 2025 10:36 am