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ChemPriceHub Alert: Sharp Decline in India's Proportion of Crude Oil Imports from Russia
Published on 2026-02-09

On February 6 (Friday), The Hindu cited data from India's Ministry of Commerce and Industry, reporting that in December 2025, Russia's share of India's total oil imports dropped from 34% in November to less than 25%, reaching the lowest level in 38 months.

PriceSeek's analysis of crude oil, with a long-short score of 1, indicates that the decline in Russia's crude oil exports to India from 34% to below 25% in December 2025, hitting a 38-month low, suggests a reduction in Russian crude oil supply. The tightening supply is favorable for crude oil spot prices and may drive up benchmark market prices, as constrained global supply strengthens bullish sentiment.

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