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OIL: Russian Oil Flows Remain Buoyant Despite Recent Sanctions

OIL

Russia is sending oil to India on tankers that are designated by the latest U.S. sanctions according to Bloomberg vessel tracking. 

  • India has a grace period allowing these tankers to offload before Feb.27 as long as they loaded before Jan.10. After this, any movements will highlight the effectiveness of Washingtons latest measures passed on the new Administration.
  • Overall oil flows out of Russia show little overall impact from sanctions at present.
  • Daily crude flows in the seven days to Jan. 26 rose by about 320,000 bpd, or 11%, from the previous week to 3.07 million.
  • Four-week average flows edged higher from the previous week’s revised number, to 2.96 million barrels a day.
  • Russian oil shipments in the first four weeks of 2025 were about 290,000bpd, or 9%, below the average for the whole of 2024
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Russia is sending oil to India on tankers that are designated by the latest U.S. sanctions according to Bloomberg vessel tracking. 

  • India has a grace period allowing these tankers to offload before Feb.27 as long as they loaded before Jan.10. After this, any movements will highlight the effectiveness of Washingtons latest measures passed on the new Administration.
  • Overall oil flows out of Russia show little overall impact from sanctions at present.
  • Daily crude flows in the seven days to Jan. 26 rose by about 320,000 bpd, or 11%, from the previous week to 3.07 million.
  • Four-week average flows edged higher from the previous week’s revised number, to 2.96 million barrels a day.
  • Russian oil shipments in the first four weeks of 2025 were about 290,000bpd, or 9%, below the average for the whole of 2024