India's Russian oil imports hit new high—here's what's going on
India is ramping up its Russian crude oil imports to 1.85 million barrels per day this December, the highest since June—even as US sanctions target major Russian producers.
The steady rise shows India's appetite for discounted oil isn't slowing down.
Too much oil, not enough space at Vadinar port
Vadinar port is getting more Russian oil than it can process—658,000 barrels a day versus its 405,000-barrel capacity.
This extra oil might be stockpiled in the hope that sanctions are eased or that buyers will be prepared to ignore them.
With Rosneft owning nearly half of Nayara Energy (which runs the port), there's clearly some strategic planning happening.
Reliance Industries pulls back on Russian crude
While state-run companies are buying more, Reliance Industries has cut its Russian oil imports by almost half to stay on the right side of sanctions and protect its global business.
Their Jamnagar refinery is huge but they're playing it safe for now.
Why it matters globally
India and China are both demanding bigger discounts from Russia, which could shrink Russia's export earnings and shake up global oil markets.
For young readers: this isn't just about numbers—it affects fuel prices and international politics that impact us all.