OilPrice · March 25, 2026 (4h ago) · 1 min read

India Snaps Up 60 Million Barrels of Russian Crude for April Delivery

Analysis

OilCyprus Editorial

Indian refiners are set to receive 60 million barrels of Russian crude oil in April, purchased at premiums ranging from $5 to $15 per barrel. This significant purchase highlights India's continued reliance on discounted Russian oil despite international pressure and sanctions.

Key Facts

India is importing 60 million barrels of Russian crude for April delivery.
The crude is being purchased at premiums of $5-$15 per barrel.
Unnamed sources familiar with the deals provided the information.

Market Impact

This deal demonstrates the resilience of Russian oil exports despite Western sanctions, as India remains a key buyer. The premiums paid by Indian refiners suggest a tightening market or a willingness to pay for supply security. This could put upward pressure on global crude prices, especially for grades similar to those being purchased from Russia. It also highlights the ongoing divergence in energy policy between Western nations and countries like India.

Why This Matters for Cyprus

This deal underscores the continued importance of Russian crude in the global market and the complex geopolitical dynamics influencing oil trade flows, impacting pricing and supply chains for industry professionals.

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