Supply volumes have dropped to their lowest level since June 2022, reaching 859,000 barrels per day (3.68 million tons), as reported by the international pricing agency Argus, which RBC has reviewed.
The decline in shipments to India is partially attributed to increased pressure from the United States. New Delhi is aiming to reduce its oil imports from Russia in order to secure a trade agreement with Washington. Simultaneously, India is diversifying its raw material purchases and has resumed buying Venezuelan oil after a lengthy hiatus.
How Russian oil exports to India are adapting to U.S. threats — in RBC's article.
