India's November Oil Imports from Russia Hit 5-Month High
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2025
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Should l Buy RELI?
Source: Newsfilter
- Surge in Imports: Preliminary data from Kpler indicates that India's oil imports from Russia are expected to reach 1.855 million bpd in November, a significant increase from 1.48 million bpd in October, as refiners rush to secure supplies ahead of the U.S. sanctions deadline.
- Market Response: Despite new sanctions against Rosneft and Lukoil, India's Russian oil imports are rising, highlighting India's critical role as the world's third-largest oil importer in the global energy market.
- Future Outlook: Imports are projected to drop to 600,000 to 650,000 bpd in December, the lowest in three years, as refiners shift to alternative sources to avoid breaching Western sanctions, indicating heightened sensitivity to compliance risks in the market.
- Refinery Strategy Shift: Most Indian refiners have halted purchases of Russian oil, with only Reliance Industries processing pre-committed cargoes loaded before October 22, reflecting a cautious industry stance on future supply chains.
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About RELI
Reliance Global Group Inc operates as a holding company with diversified interests in the insurance market, as well as other related sectors. It focuses on growing by pursuing acquisition strategies and focused on wholesale and retail insurance agencies. Its business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies with an entire suite of business development tools. Its business-to-consumer platform, 5minuteinsure.com (5MI), utilizes artificial intelligence and data mining to provide online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. It has added Ethereum to its financial holdings. It focuses on identifying specific risk to reward arbitrage opportunities and developing these on a national platform, and identifying and acquiring undervalued wholesale and retail insurance agencies with operations in growing or underserved segments. It owns Solana, the native token of the Solana blockchain.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Policy Monitoring: President Trump has rescinded the 25% tariffs on Indian goods contingent on India's commitment to halt direct or indirect imports of Russian oil, reflecting the U.S. administration's close monitoring of India's energy procurement policies.
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