Daily Energy Report
India oil imports, Distillate inventories, Asia-Pacific LNG, Arctic LNG2 sanctions avoidance, Petrobras retail fuel, Venezuela sanctions busting, US biofuel credits, Brazil ethanol barriers, and more.
July 17, 2025
Chart of the Day
EOA: Can India Replace Russian Oil Imports?
Reuters: India Can Secure Oil Even if Russian Imports Sanctioned, Minister Says
Summary
India is confident it can replace Russian oil if secondary sanctions disrupt supplies. India has expanded imports from 40 countries, including new suppliers like Guyana and existing ones like Brazil and Canada. This follows US President Trump’s threat of sanctions on countries buying Russian exports and a warning from NATO’s chief. Russia remains India’s top supplier, accounting for 35% of imports, but Indian Oil Corp said it could revert to pre-Ukraine sourcing if needed.