Chinese refineries started to buy Russian oil rejected by India
After India reduced oil purchases from Russia, Chinese refineries stepped in and increased the shipment volume to 2.09 million barrels per day. Ship tracking data released by Bloomberg shows that China's increasing demand has more than compensated for the decline in India, and that the Ural oil shipment has reached the highest level in recent years.
Russian oil, which India avoids buying, is being bought intensively by Chinese refineries.
According to the information conveyed by Bloomberg based on ship tracking data, the shipment of Russian oil to Chinese ports in the first weeks of February reached 2.09 million barrels per day.
The data in question shows that the levels of 1.72 million barrels in January and 1.39 million barrels in December 2025 were exceeded. In the news, it was emphasized that this increase "more than compensated" the loss caused by India's reduction in purchases.
India's import volume decreased by 40 percent compared to last year
India's oil imports from Russia decreased from 1.78 million barrels per day in November last year to 1.2 million barrels.
According to the news, shipments decreased by about 40 percent compared to June 2025. While this new route to China covers all types of Russia's exported oil, especially the shipment of Ural oil reached 600 thousand barrels per day last December, reaching the highest level seen since 2018.
Officials state that the final figure may increase further due to the fact that more than 20 batches have not yet been uploaded and the destination of about half of them has not yet been specified.
Low prices direct private refineries to Ural oil
Speaking to Bloomberg, traders said that the price difference with Brent oil has increased to $12 and more and more private refineries are evaluating the purchase of Ural oil due to the discounts offered.
Sources told Reuters at the end of January that Indian refineries were trying to increase imports from Middle Eastern countries instead of Russian suppliers.
Indian Oil Minister Hardeep Puri also confirmed that fuel shipments from Russia are on a decline, citing market conditions.
US sanctions and trade agreements were influential in New Delhi's decision
The USA lifted the 25 percent customs duties it imposed on Indian products due to Russian oil purchases as of February 7.
US President Donald Trump announced that the New Delhi administration has committed to stop direct or indirect oil imports from Russia.
The White House also announced that a temporary trade framework agreement was reached with India. On the other hand, Kremlin Spokesperson Dmitriy Peskov said in a statement at the beginning of February that Moscow did not receive any notification that the purchase of oil from India would be stopped.
After India reduced oil purchases from Russia, Chinese refineries stepped in and increased the shipment volume to 2.09 million barrels per day. Ship tracking data released by Bloomberg shows that China's increasing demand has more than compensated for the decline in India, and that the Ural oil shipment has reached the highest level in recent years.
Russian oil, which India avoids buying, is being bought intensively by Chinese refineries.
According to the information conveyed by Bloomberg based on ship tracking data, the shipment of Russian oil to Chinese ports in the first weeks of February reached 2.09 million barrels per day.
The data in question shows that the levels of 1.72 million barrels in January and 1.39 million barrels in December 2025 were exceeded. In the news, it was emphasized that this increase "more than compensated" the loss caused by India's reduction in purchases.
India's import volume decreased by 40 percent compared to last year
India's oil imports from Russia decreased from 1.78 million barrels per day in November last year to 1.2 million barrels.
According to the news, shipments decreased by about 40 percent compared to June 2025. While this new route to China covers all types of Russia's exported oil, especially the shipment of Ural oil reached 600 thousand barrels per day last December, reaching the highest level seen since 2018.
Officials state that the final figure may increase further due to the fact that more than 20 batches have not yet been uploaded and the destination of about half of them has not yet been specified.
Low prices direct private refineries to Ural oil
Speaking to Bloomberg, traders said that the price difference with Brent oil has increased to $12 and more and more private refineries are evaluating the purchase of Ural oil due to the discounts offered.
Sources told Reuters at the end of January that Indian refineries were trying to increase imports from Middle Eastern countries instead of Russian suppliers.
Indian Oil Minister Hardeep Puri also confirmed that fuel shipments from Russia are on a decline, citing market conditions.
US sanctions and trade agreements were influential in New Delhi's decision
The USA lifted the 25 percent customs duties it imposed on Indian products due to Russian oil purchases as of February 7.
US President Donald Trump announced that the New Delhi administration has committed to stop direct or indirect oil imports from Russia.
The White House also announced that a temporary trade framework agreement was reached with India. On the other hand, Kremlin Spokesperson Dmitriy Peskov said in a statement at the beginning of February that Moscow did not receive any notification that the purchase of oil from India would be stopped.
Hindistan’ın reddettiği Rus petrolünü Çinli rafineriler almaya başladı
After India reduced oil purchases from Russia, Chinese refineries stepped in and increased the shipment volume to 2.09 million barrels per day. Ship tracking data released by Bloomberg shows that China's increasing demand has more than compensated for the decline in India, and that the Ural oil shipment has reached the highest level in recent years.
Russian oil, which India avoids buying, is being bought intensively by Chinese refineries.
According to the information conveyed by Bloomberg based on ship tracking data, the shipment of Russian oil to Chinese ports in the first weeks of February reached 2.09 million barrels per day.
The data in question shows that the levels of 1.72 million barrels in January and 1.39 million barrels in December 2025 were exceeded. In the news, it was emphasized that this increase "more than compensated" the loss caused by India's reduction in purchases.
India's import volume decreased by 40 percent compared to last year
India's oil imports from Russia decreased from 1.78 million barrels per day in November last year to 1.2 million barrels.
According to the news, shipments decreased by about 40 percent compared to June 2025. While this new route to China covers all types of Russia's exported oil, especially the shipment of Ural oil reached 600 thousand barrels per day last December, reaching the highest level seen since 2018.
Officials state that the final figure may increase further due to the fact that more than 20 batches have not yet been uploaded and the destination of about half of them has not yet been specified.
Low prices direct private refineries to Ural oil
Speaking to Bloomberg, traders said that the price difference with Brent oil has increased to $12 and more and more private refineries are evaluating the purchase of Ural oil due to the discounts offered.
Sources told Reuters at the end of January that Indian refineries were trying to increase imports from Middle Eastern countries instead of Russian suppliers.
Indian Oil Minister Hardeep Puri also confirmed that fuel shipments from Russia are on a decline, citing market conditions.
US sanctions and trade agreements were influential in New Delhi's decision
The USA lifted the 25 percent customs duties it imposed on Indian products due to Russian oil purchases as of February 7.
US President Donald Trump announced that the New Delhi administration has committed to stop direct or indirect oil imports from Russia.
The White House also announced that a temporary trade framework agreement was reached with India. On the other hand, Kremlin Spokesperson Dmitriy Peskov said in a statement at the beginning of February that Moscow did not receive any notification that the purchase of oil from India would be stopped.