Indian refiners cut new orders from Rosneft and Lukoil after Washington imposed sanctions on the two Russian oil giants.

Data shows imports dropped to 672,000 barrels per day in November compared to 1.88 million barrels per day in October. This decline signals a major shift in India’s oil import strategy.

Refineries accelerate existing shipments to meet deadlines before sanctions take effect. Tanker activity reveals diversions mid-voyage and ship-to-ship transfers near Mumbai, highlighting opaque methods used by Russian exporters. Analysts warn that India may face further reductions in December and January as refiners avoid sanctioned entities.

China and Turkey also report steep declines in Russian crude imports. China’s shipments fell by 47% while Turkey’s dropped by 87%. Nearly half o

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