Core Insights - The share of OPEC crude oil in India's import mix reached its highest level in 11 months in December, while Russian oil shipments fell to a two-year low due to new U.S. sanctions [1][2]. Group 1: OPEC and Russian Oil Imports - OPEC crude oil's share in India's total imports increased to 53.25%, while Russian oil flows decreased by 22% to 1.38 million barrels per day, representing 27.4% of total Indian oil imports [2]. - Despite the decline, Russia remained the largest supplier of crude oil to India in December, followed by Iraq and Saudi Arabia, as Indian state-owned companies shifted to purchasing from non-sanctioned Russian firms [3]. - The share of OPEC crude in Indian imports rose from 49% in 2024 to 50% in 2025, while Russia's share decreased from 36% to 33% during the same period [4]. Group 2: Trends in Russian Oil Exports - Russian oil flows to India dropped by 29% month-on-month in December, while exports to China increased by 23% in November, contributing to an 11% rise in total Russian exports [5]. - The decline in shipments to India was less severe than predicted, with estimates suggesting flows could remain between 1.2 million and 1.4 million barrels daily [3][5].