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Friday, January 16, 2026

Tag: India oil imports

India’s Oil Strategy Shifts as US Sanctions Hit Russia and Venezuela

Facing dual sanctions pressure, India pivots oil imports to the Middle East and accelerates de-dollarization payments to secure its energy needs.

India’s Russian Oil Imports Set for Sharp Drop as US Sanctions Bite

US sanctions on Russian exporters to cut India's crude imports from 1.8M to 400,000 bpd. Major refiners halt purchases, but no complete stop expected as discounts remain attractive.

Trump Seeks China Deal, Claims India Cutting Russian Oil Imports

President Trump aims for comprehensive agreement with Xi Jinping while announcing sanctions impact on Russian oil imports by China and India during Asia visit.

Oil Prices Surge 5% as US Sanctions Russian Energy Giants

US sanctions target Rosneft and Lukoil over Ukraine war funding, forcing China and India to find alternative oil suppliers by November deadline.

US Sanctions on Russian Oil May Raise India’s Import Costs by 2%

New US sanctions targeting Rosneft and Lukoil could increase India's crude oil import bill as the country seeks alternative suppliers amid growing international pressure.