{
  "id": 12894022,
  "title": "Russian Oil Flows to India Plunge to 310,000 Bpd",
  "url": "https://urgent.news/2026/10/08/russian-oil-flows-to-india-plunge-to-310-000-bpd",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T14:30:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/Russian-Oil-Flows-to-India-Plunge-to-310000-Bpd.html"
  },
  "original_language": "en",
  "account": "India's crude oil imports from Russia have dropped to a four-week low of 310,000 barrels per day, according to Bloomberg's tanker-tracking data. This decline isn't solely due to the U.S. tariff threat, but mainly driven by economics. Russia's flagship Urals grade, loaded in Baltic ports, has increased in price and is now nearly equal to Middle Eastern crudes, which have become more available thanks to rebounding flows through the Strait of Hormuz. Urals is being offered with premiums of over $10 per barrel compared to Dated Brent, making it less attractive for Indian refiners. Competition from China for Russian supply is also intensifying. In the four weeks leading up to October 4, Russia's oil shipments to India averaged just 310,000 barrels per day, marking the lowest level since March 2022, when India started importing Russian crude oil. Despite this reduction, Russia's crude oil remains neither cheap nor free of competition or potential tariffs for India. While India hasn't instructed its refiners to cut imports from Russia, they have become more cautious following the U.S. President Donald Trump's law that could impose up to 100% trade tariffs on countries importing large amounts of Russian oil and natural gas. Despite this threat, India is unlikely to fully replace the Russian crude it currently imports, but the economics of Urals vs. Middle East prices and higher Middle East crude availability are currently influencing India to reduce Russian oil imports.",
  "summary": "India is reducing its imports of crude oil from Russia, but mostly not because of the U.S. tariff threat for buying Russian oil. Economics have always been driving Indian refiners’ purchases, and the past few weeks haven’t been different. Russia is scaling back imports of Russian oil as the price of Russia’s flagship Urals grade loaded in the Baltic ports has jumped and now nearly equals the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}