Russian crude imports in July highest since Ukraine war
India's crude oil imports from Russia hit a record 2.8 million barrels daily in July. This surge accounted for over half of the country's total crude purchases. Meanwhile, LPG imports heavily favored the United States, supplying seventy-three percent of July's total. Refiners also increased sourcing from West Asian suppliers as Strait of Hormuz flows normalized. Saudi Arabia, Iraq, and Kuwait saw…
India's crude oil imports from Russia reached a record 2.8 million barrels per day (mbd) in July, accounting for more than half of the country's purchases, according to the Times of India. This marks a significant increase from the previous month and is the highest since India began importing large volumes of discounted Russian crude following the outbreak of the Ukraine war in 2022.
Russian crude supplies rose to 2.8 mbd from 2.7 mbd in June, taking its share in India’s crude imports to 55.5%. The surge in imports is attributed to the continued availability of Russian cargo, as drone strikes on Russia’s refining infrastructure have reduced domestic refining activity, leaving more crude available for export.
Additionally, refiners have started sourcing from West Asian suppliers like Saudi Arabia, Iraq, and Kuwait, as supply disruptions in the Persian Gulf during the conflict have normalized crude flows through the Strait of Hormuz.
Brief written by urgent.news from Times of India's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
