India raises Russian oil imports to record 2.6 million barrels per day
This digest was compiled by AI from multiple sources — links to the originals are below.
India's imports of Russian crude oil rose to a record 2.6 million barrels per day in June and July, according to Kpler data cited by the Financial Times. Russia supplied more than half of India's total crude imports during those months. The surge came as Persian Gulf tensions disrupted alternative supply routes.
Key Facts
- India imported 2.6 million barrels per day of Russian crude oil in June and July, a record high.
- Russia supplied more than half of India's total crude oil imports during those two months.
- India's total crude oil imports reached 5 million barrels per day, the highest since late February.
- In February, India bought about 1 million barrels per day of Russian oil, according to Kpler analyst Sumit Ritolia.
- The United States and Israel began airstrikes on Iran in late February, after which shipments through the Strait of Hormuz declined sharply.
Record Russian Imports
India's imports of Russian crude oil reached 2.6 million barrels per day in June and July, according to data from commodity analytics firm Kpler cited by the Financial Times. That volume was more than double the roughly 1 million barrels per day India purchased from Russia in February, Kpler analyst Sumit Ritolia said. Russia accounted for more than half of India's total crude imports in June and July. India's overall crude oil imports climbed to 5 million barrels per day, the highest level since late February.
Persian Gulf Disruption
The United States and Israel began airstrikes on Iran in late February. After those strikes, oil shipments through the Strait of Hormuz declined sharply. Washington and Tehran have not yet reached a peace agreement. The shortage of alternative supplies forced India to increase purchases from Russia again.
Shift From Last Year
India reduced its purchases of Russian oil last year after criticism from Donald Trump. Trump accused India of financing Moscow's military operations. The Persian Gulf conflict complicated New Delhi's plans to reduce dependence on Moscow.
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India raises Russian oil imports to record 2.6 million barrels per day
