# Spot crude premiums jump as US sanctions on Russian producers drive China, India demand | Y94

> Spot crude premiums jumped on Thursday after US sanctions on Rosneft and Lukoil raised expectations that China and India would shift purchases toward Middle Eastern, African and South American supply. Brent futures rose more than 4% that day, and Cash Dubai's premium reached a three-week high of $2.71 per barrel. Reliance Industries also planned to halt a long-term deal for nearly 500,000 barrels per day from Rosneft.

- Date: 2025-10-23 · published 2025-10-23T12:00:00.000Z
- Category: geopolitics · region Asia · magnitude high
- Page: https://feedsoft.ai/events/9409-spot-crude-premiums-jump-as-us-sanctions-on-russian-producers-drive-china-india
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Sanctions-driven rerouting of Russian barrels tightens global crude supply and raises freight and energy costs, supporting energy-linked input prices. Stronger Asian demand for alternative grades reinforces firm crude prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-01-13 | [China, India seek new supplies as US sanctions tighten grip on Russian oil \| Reuters](https://feedsoft.ai/events/26685-china-india-seek-new-supplies-as-us-sanctions-tighten-grip-on-russian-oil.md) | +2.7% | -6.4% |
| BRENT | 2025-01-15 | [Oil rallies, settles at multi-month high on US crude draw, Russia sanctions](https://feedsoft.ai/events/26673-oil-rallies-settles-at-multi-month-high-on-us-crude-draw-russia-sanctions.md) | -1.5% | -4.7% |
| BRENT | 2022-03-02 | [Oil, gas, wheat and aluminium jump as Russia sanctions bite](https://feedsoft.ai/events/6281-oil-gas-wheat-and-aluminium-jump-as-russia-sanctions-bite.md) | +21.0% | +3.3% |
| BRENT | 2026-03-08 | [Oil jumps to 2022 high on Iran war, falls after close as Russia sanctions in doubt \| Reuters](https://feedsoft.ai/events/5227-oil-jumps-to-2022-high-on-iran-war-falls-after-close-as-russia-sanctions-in.md) | +9.5% | +25.6% |
| BRENT | 2025-10-23 | [Oil price jumps and FTSE 100 hits new high after Trump puts sanctions on Russian firms \| Oil \| The Guardian](https://feedsoft.ai/events/8132-oil-price-jumps-and-ftse-100-hits-new-high-after-trump-puts-sanctions-on.md) | +4.1% | +1.9% |
| WTI | 2025-01-15 | [Oil rallies, settles at multi-month high on US crude draw, Russia sanctions](https://feedsoft.ai/events/26673-oil-rallies-settles-at-multi-month-high-on-us-crude-draw-russia-sanctions.md) | -2.7% | -8.2% |
| WTI | 2026-03-08 | [Oil jumps to 2022 high on Iran war, falls after close as Russia sanctions in doubt \| Reuters](https://feedsoft.ai/events/5227-oil-jumps-to-2022-high-on-iran-war-falls-after-close-as-russia-sanctions-in.md) | +8.5% | +25.0% |
| WTI | 2025-10-23 | [Oil price jumps and FTSE 100 hits new high after Trump puts sanctions on Russian firms \| Oil \| The Guardian](https://feedsoft.ai/events/8132-oil-price-jumps-and-ftse-100-hits-new-high-after-trump-puts-sanctions-on.md) | +3.3% | +1.6% |

## Sources

- y94.com: https://y94.com/2025/10/23/spot-crude-premiums-jump-as-us-sanctions-on-russian-producers-drive-china-india-demand/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.