India Rethinks Its Oil Strategy as Russian Discounts Dwindle ...Middle East

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India Rethinks Its Oil Strategy as Russian Discounts Dwindle
source : OILPRICE ( Middle East ) () 54
India’s romance with cheap Russian oil is cooling—just a touch. Russian crude imports into India crept up 1% in the first half of 2025, totaling about 1.75 million barrels per day. That’s hardly a surge, considering the price allure that first pulled India deeper into Moscow’s oil orbit after the 2022 Ukraine invasion. And while Russia still holds the top supplier spot—accounting for 35% of India’s crude inflows—the real story isn’t the volumes. It’s the shrinking advantage. The discount on…

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