India's Russian Oil Imports Decline Amid US Pressure, OPEC Share Rises

India's imports of Russian crude oil have declined to a two-year low amid increasing US pressure and potential sanctions targeting countries buying Russian hydrocarbons. Despite this, Russia remains India's top oil supplier, with imports expected to stabilize between 1.2 and 1.4 million barrels per day. The shift has led India to increase purchases from OPEC and other suppliers, balancing discounted Russian crude with geopolitical and compliance considerations. Analysts note that wider discounts on Russian oil have helped Indian refiners maintain steady supplies and moderate prices despite sanctions.