Nayara Energy – Continues Buying Only Russian Oil in January

Expert Analysis:

• Nayara Energy Ltd continued to import only Russian crude oil in January 2026, marking the sixth consecutive month the firm has sourced crude exclusively from Russia, according to shipping and market data.

• The strategy reflects Nayara’s ongoing commercial decision to leverage discounted Russian barrels, driven by competitive pricing and arbitrage advantages amid global crude market volatility.

• The crude cargoes in January were loaded primarily from Russian Far East ports and Baltic supply points, and were expected to be processed at Nayara’s Vadinar refinery complex along India’s west coast, which is configured to handle a wide range of crude grades.

• This sustained sourcing approach contrasts with many global refiners that have diversified away from Russian crude following geopolitical tensions and price cap policies, underscoring Nayara’s focused procurement strategy.