Data from Reuters reveals that Russian oil shipments have dramatically slashed OPEC’s share of India’s crude imports to an all-time low. This significant shift underscores India’s increasing reliance on non-OPEC sources as the global energy landscape continues to evolve and fluctuate
Former President Trump’s recent threat to impose tariffs on Russian oil has intensified pressure on Vladimir Putin, potentially accelerating negotiations for a peace deal with Ukraine. Experts suggest that heightened economic constraints may drive Russia to reconsider its stance.
Indian refiners are increasingly sourcing oil from Latin America and Africa to compensate for the loss of Russian crude, as geopolitical tensions reshape global supply chains. February data highlights a strategic pivot amid shifting market dynamics.
