Tanker Market Monitor: Rising U.S. pressure on Russian oil buyers is prompting China and India to reduce imports and diversify supply

Indian import volumes show a more modest decline: quarterly volumes were nearly flat versus Q1 2025 and down roughly 12% year-over-year, though monthly data reveals a steady drop since March, with June shipments falling over 10 million barrels. It’s important to understand that Russia’s crude oil remains legally accessible in Asia. While the European Union and …