17 July | Oil

Indian private oil companies increased crude purchases from Russia in H1 2025

Indian private oil companies increased crude purchases from Russia in H1 2025

In the first half of 2025, oil supplies from Russia to India rose to 1.75 million bpd, up 1% year-on-year. Two major private refiners, Reliance Industries and Nayara Energy, were the main buyers of this crude. Together they bought about half of the total volume of Russian oil imported into the country.

Earlier, US President Donald Trump announced the possible imposition of restrictions against states that continue buying Russian oil. However, as experts from India note, such measures are unlikely to have a significant impact on supply volumes.

Russia is still the main supplier of oil to India, providing about 35% of this kind of shipments to the country. It is closely followed by Iraq and Saudi Arabia. The US has moved up to the fifth position in the list of suppliers, as India is actively increasing cooperation in the energy sector with American partners, preparing for a possible bilateral trade agreement.

India's total oil imports in JanuaryJune amounted to 5.2 million bpd, up 4.3% year-on-year.

Period: 19.09.2025 Expectation: 950 pips
GBPUSD is correcting after testing resistance
Yesterday at 10:29 AM 102
Gold buy
Period: 31.12.2025 Expectation: 2400 pips
Buying gold from $3,450 support
Yesterday at 09:29 AM 57
Period: 19.09.2025 Expectation: 1000 pips
AUDCAD poised for further gains after brief consolidation
Yesterday at 08:42 AM 106
Period: 31.10.2025 Expectation: 6000 pips
Selling SPX prior to seasonal correction
Yesterday at 08:27 AM 96
Brent sell
Period: 19.09.2025 Expectation: 188 pips
Supply glut puts pressure on Brent prices
Yesterday at 07:20 AM 109
Period: 18.09.2025 Expectation: 160 pips
Buying gas with $3.150 target amid completing correction
11 September 2025 221
Go to forecasts