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India Pauses Russian Crude Oil Purchases
Oil price.com ^ | 7/31/2025 | Charles Kennedy

Posted on 07/31/2025 8:15:55 AM PDT by marcusmaximus

Indian state refiners have temporarily ceased purchasing Russian crude oil this week, primarily due to concerns over potential secondary tariffs threatened by U.S. President Donald Trump and reduced discounts on Russian oil.

This decision by state-controlled refiners, which represent over 60% of India’s refining capacity, marks a shift from their regular imports of Russian oil since 2022.

Indian refiners are now seeking alternative crude supplies from the Middle East and West Africa and have requested urgent guidance from the Indian oil ministry regarding future Russian oil flows.

(Excerpt) Read more at oilprice.com ...


TOPICS: Chit/Chat
KEYWORDS: boltonneocons; boltonzeepers; india; marcusridiculous; repeatspam; russia; spamspamspam; spamusmaximus; specialindiasock; taterseggsandspam; tellmedvedev; tellyourmom; theputin; ukrainiantroll; whatkurskdoink; whatpokrovskdoink; zelyaslittlecheerboy
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1 posted on 07/31/2025 8:15:55 AM PDT by marcusmaximus
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To: marcusmaximus

What is Russia supposed to do with all those rupees?


2 posted on 07/31/2025 8:19:11 AM PDT by montag813
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To: marcusmaximus

This will probably drive up gas prices for the rest of the world.


3 posted on 07/31/2025 8:19:25 AM PDT by packrat35 (Pureblood! No clot shot for me!)
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To: montag813

Trade the rupees for Bombay curry.


4 posted on 07/31/2025 8:20:21 AM PDT by marcusmaximus
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To: marcusmaximus

Can the U.S.Pick up their needs?


5 posted on 07/31/2025 8:20:58 AM PDT by Old Retired Army Guy (That's)
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To: packrat35

More liberal groupthink, you’re blaming the wrong people. Russia committed and is still committing the original sin.


6 posted on 07/31/2025 8:23:23 AM PDT by ImJustAnotherOkie
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To: marcusmaximus
The Saudis already quietly offered to sell oil to Asian customers at a discount rate that matched Russia's discounted price, so this should have minimal impact on oil prices.

Another benefit of Trump in office, unlike Blinken the retard who torpedoed the US-Saudi alliance to kiss Iranian butt.

7 posted on 07/31/2025 8:23:35 AM PDT by pierrem15 ("Massacrez-les, car le seigneur connait les siens" )
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To: marcusmaximus

Try Bombay Gin.
It is very good.


8 posted on 07/31/2025 8:24:59 AM PDT by Bobbyvotes (TERM LIMITS is the ONLY WAY to get rid of corrupt cas filreer politicians. )
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To: marcusmaximus

Has the UK...?


9 posted on 07/31/2025 8:25:00 AM PDT by mewzilla (Swing away, Mr. President, swing away!)
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To: packrat35

Doubtful that it will affect the world markets as much as some think. Stopping oil flow through the Straits of Hormuz, however, would be disastrous for prices. It is too good a lever for bad actors, so I wouldn’t be surprised if Russia engineers a slowdown of ME oil.


10 posted on 07/31/2025 8:25:21 AM PDT by silent majority rising (When it is dark enough, men see the stars. Ralph Waldo Emerson)
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To: All

This article isn’t very clear. It says state owned refineries have suspended purchases (and with only a week of history on this, that seems suspect), but rather more odd is that — being state owned — they then in the next sentence talk about requesting guidance from the gov’t for future purchases.

India consumes 5 million bpd. They produce about 800K bpd. So they must import 4.2 mbpd. Of this amount, about 2 mbpd is Russian. It varies 300K up and down various months.

The remaining 2 come from the Middle East. The measurement is generally seaborne. India has a vast network of internal crude pipelines (that 800K domestic production is very regional and so it must transport nationwide), but geography has obstructed various suggestions I can recall over the year of pipelines for crude import. And Pakistan to the west would obstruct direct import from Iran.


11 posted on 07/31/2025 8:34:43 AM PDT by Owen
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To: marcusmaximus

Trump said he had some other stuff to try on Russia. He’s giving them something to think about for their new upcoming deadline.


12 posted on 07/31/2025 8:34:50 AM PDT by aynrandfreak (Being a Democrat means never having to say you're sorry)
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To: packrat35

Trump didn’t highlight his deal with Pakistan for no reason. He’s literally willing to build an escape hatch for India.


13 posted on 07/31/2025 8:34:58 AM PDT by wiseprince (Me)
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To: marcusmaximus

“India Pauses Russian Crude Oil Purchases”

Explains why the price of crude is SHOOTING UP for the past week...less Russian oil, higher prices, no Russian oil, much higher prices.

Thanks for posting!


14 posted on 07/31/2025 8:35:17 AM PDT by BobL (Trusting one's doctor is the #1 health mistake one can make.)
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To: marcusmaximus

Another Trump win.


15 posted on 07/31/2025 8:37:35 AM PDT by Texas Eagle ("Throw me to the wolves and I'll return leading the pack"- Donald J. Trump)
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To: silent majority rising

India gets 60% of its oil from Russia. That is a lot of demand that will surely drive up the price of oil, if it happens.


16 posted on 07/31/2025 9:05:21 AM PDT by packrat35 (Pureblood! No clot shot for me!)
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To: ImJustAnotherOkie

No, it is called basic economics. 60% of India’s oil comes from Russia. That new demand on world oil WILL drive up costs for all of us.

This is not a political statement, but basic math.


17 posted on 07/31/2025 9:06:54 AM PDT by packrat35 (Pureblood! No clot shot for me!)
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To: montag813
What is Russia supposed to do with all those rupees?

There was an article recently saying that Russia is looking to bring in a million Indians to work in the country.
18 posted on 07/31/2025 9:08:11 AM PDT by Chad_the_Impaler
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To: packrat35

Oil futures are down 1.83 percent right now.


19 posted on 07/31/2025 9:11:24 AM PDT by Raycpa
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To: Old Retired Army Guy
NO, this means that the Indians are going to tell the Russians that they need to buy their crude EVEN cheaper than they already are.

When most countries stopped buying Russian crude due to the Ukraine war the Russians made a deal with China and India to buy their crude at a large discount to the Brent Sea Crude price.

This meant that India was buying it for somewhere between $23-35/barrel cheaper than the market spot price. The Indians were making extra millions daily off this deal. Not only were they buying enough to meet their domestic demand they wee also refining and selling Diesel/gasoline and other distillents cheaper than other worldwide producers.

There was also potential for the Indians to broker that Russian oil by either transloading the oil to a different tanker OR blending it with crude from a non Russian source OR just changing the BOL and trying to get away with it.

When there is big profit potential people take chances.
They may even create a new company to make these trades. That company might go out of business IF they eventually get caught. Meanwhile, they can potentially make millions of profit in trading oil and just changing the paper work on its origin.

I saw something similar to this in the lumber business about twenty years ago. There was a quota then on Canadian lumber.
Companies in Canada could buy cheaper than the market FOB mill with no quota. They would then wholesale it delivered into the US under the market. Sometimes this lumber got double or triple wholesaled. This went on for a couple years. At the end there were several Canadian wholesale companies that went out of business. However, they had made a huge windfall profit in a short period of time. Some brokers literally disappeared and were never heard from again. We called them THE QUOTA CHEATERS.

20 posted on 07/31/2025 9:15:28 AM PDT by woodbutcher1963
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