Page 3 of Satyendar Jain

India’s crude oil imports from Russia have stayed constant at 1.5 million barrels per day in December, but could potentially rise to 1.6 million barrels per day. Despite US sanctions on Russian oil companies, the market for Russian crude has not been affected, with only a 2% increase in Brent. However, some refiners have adjusted their buying patterns due to the sanctions.