Russia Poised to Redirect Oil to India Amid Middle East Supply Disruptions

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Russia Rushes Oil to India as Middle East Conflict Disrupts Flows

Oil pumping jacks, also known as "nodding donkeys"in a Rosneft Oil Co. oilfield near Sokolovka village, in the Udmurt Republic, Russia, on Friday, Nov. 20, 2020. The flaring coronavirus outbreak will be a key issue for OPEC+ when it meets at the end of the month to decide on whether to delay a planned easing of cuts early next year.

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CNBC TV18•04-03-2026, 23:00

Russia Rushes Oil to India as Middle East Conflict Disrupts Flows

•Russia is prepared to divert oil to India to compensate for supply disruptions from the Middle East conflict.
•Approximately 9.5 million barrels of Russian crude are already near Indian waters, ready for delivery within weeks.
•The Strait of Hormuz, crucial for 40% of India's crude imports, is disrupted by recent Iranian attacks.
•India, with crude stocks covering only about 25 days of demand, is highly vulnerable to supply shocks.
•Russia offers to meet up to 40% of India's crude requirements and is prepared to sell liquefied natural gas.

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