Indian refiners diversify beyond Russian crude amid Ukrainian export disruptions

Ukrainian drone strikes on Russian refineries, export terminals and maritime shipping have made Russian crude flows to India more volatile, prompting refiners to diversify into Middle Eastern, African and spot-market supplies. India, the world’s third-largest oil importer and a country that imports more than 80% of its crude needs, remains Moscow’s largest customer, but disruptions since March have increased concerns about supply availability and potential effects on global prices. Russian imports fell to about 1.14-1.24 million barrels per day in December 2025 amid sanctions on producers including Rosneft and Lukoil, then reached a record average of about 2.6 million bpd in June 2026, more than half of India’s total imports, before renewed export disruptions encouraged a broader purchasing strategy. OPEC and the International Energy Agency may affect the outlook through production or strategic-reserve decisions, while further geopolitical developments could influence crude pricing.

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