Exposed: The Shocking Truth About Who’s Really Cashing In on Russian Oil!

By The Blogging Hounds Who is really profiting from Russian oil? The mainstream narrative would have you believe it’s India — scooping up discounted barrels, refining them, and reselling for massive profits. But peel back the layers, and the truth tells a different story. While Washington points its finger at New Delhi, the real winners…

By The Blogging Hounds

Who is really profiting from Russian oil? The mainstream narrative would have you believe it’s India — scooping up discounted barrels, refining them, and reselling for massive profits. But peel back the layers, and the truth tells a different story. While Washington points its finger at New Delhi, the real winners of the Russia-Ukraine war aren’t Indian refiners at all — they’re Western oil giants and their globalist backers, raking in billions while distracting the public with false accusations.

The Myth of Indian Profiteering
When Russia invaded Ukraine, India’s oil imports from Moscow skyrocketed from under 2% in 2021 to over 33% in 2024. Critics in Washington claimed Indian refiners were exploiting the war for windfall profits. But the numbers don’t lie. India’s Gross Refining Margins (GRMs) actually fell between FY22 and FY25 — proof that Indian refiners weren’t bathing in extraordinary cash.

Contrast that with Western majors: Shell’s refining margins more than tripled, Total Energies’ margins surged, and Phillips 66 nearly tripled its crack spreads. Valero’s net profits spiked 900% to $11.5 billion. ExxonMobil pocketed a staggering $59 billion in a single year — an increase of $36 billion from before the war. By comparison, Reliance Industries, India’s refining giant, posted only a 20% profit increase — far below the stratospheric windfalls of American and European oil titans.

Even more telling: India’s state-run refiners — IOCL, BPCL, and HPCL — actually reported losses during this same period due to under-recoveries. The claim that India is “profiteering” collapses under hard evidence.

Who Really Profited? Western Oil Majors
The real profiteers were not Indian refiners but U.S. and European corporations, who leveraged the chaos to print record profits. Marathon Petroleum’s net income surged 205%. Shell and Valero hit historic highs. Western oil executives cashed in — and shareholders celebrated — while the public was told to blame India for “funding Putin’s war machine.”

In reality, India absorbed displaced barrels and kept the global market stable. Without Indian refiners, oil prices would have exploded, fueling inflation worldwide. Instead of destabilizing markets, India played the role of pressure valve — while Western companies quietly enjoyed the spoils.

Geopolitics and Energy Deception
The duplicity runs deeper. In 2022, the Biden White House and G7 introduced the $60 per barrel price cap — a policy explicitly designed to keep Russian oil flowing at a discount while restricting Moscow’s profits. The U.S. even quietly encouraged India to keep buying Russian crude to prevent a global price shock.

Fast-forward to today, and President Trump is attempting to reset the rules. His administration’s tariffs are aimed at rebalancing global trade and forcing accountability. Yet the globalist media continues to push the narrative that India is the villain — while ignoring the unprecedented profiteering of American and European oil conglomerates.

Prophecy and the Oil Kingdoms
Bible prophecy warned of a day when nations would be deceived by Babylon’s merchants — the global elites who profit while the world suffers (Revelation 18:3). The Russia-Ukraine war has revealed exactly that: profiteering masked by propaganda, Western corporations enriching themselves while politicians scapegoat others.

Just as Babylon’s merchants grew fat off exploitation, today’s oil barons and their globalist allies feast while the working class pays at the pump. The so-called “free market” is nothing more than a carefully stage-managed deception designed to keep the truth hidden.

The Bottom Line
India has not broken global frameworks. It has operated within the G7’s price cap, absorbed oil others could not, and provided stability when the world was on edge. The real profiteers — Exxon, Shell, Valero, Total, and their Wall Street enablers — are the ones who quietly turned war into the most lucrative oil trade in decades.

The shocking truth is this: while Americans are told to blame India, the problem lies not abroad but within our own borders. Greed, corruption, and deception are fueling this global energy crisis. Until the profiteers are exposed, the cycle will continue — enriching Babylon’s merchants while draining the wallets of working families.

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