Russian Oil Flows to India Sink But Reliance May Limit Decline

Russian crude oil flows to India this month are on track to hit the lowest level in three years, though volumes may rise early next year after Reliance Industries Ltd. resumed purchases.

Deliveries are expected to be about 1.1 million barrels a day in December, the lowest since November 2022, according to analytics firm Kpler, which tracks shipping data. Still, that’s higher than a forecast made by Indian officials earlier this month after the latest US clampdown on Russian energy.