{
  "id": 5011138,
  "title": "India’s Russian oil imports fall 26% in August amid supply pressure, Chinese competition",
  "url": "https://urgent.news/2026/09/02/indias-russian-oil-imports-fall-26-in-august-amid-supply-pressure",
  "topic": "world",
  "section": "World",
  "published": "2026-09-02T04:07:05.000Z",
  "source": {
    "name": "The Indian Express",
    "slug": "the-indian-express",
    "url": "https://indianexpress.com/article/business/india-russia-oil-imports-fall-august-supply-pressure-chinese-competition-10859672/"
  },
  "original_language": "en",
  "account": "India's oil imports from Russia decreased by 26% in August compared to the previous month, due to limited availability and increased competition from Chinese refiners, according to preliminary tanker data. Maintenance shutdowns at some Indian refineries also played a role in reducing crude intake. This decline was the main reason for the 8% drop in India's overall oil imports in August. In contrast, oil imports from Venezuela reached their highest monthly level since 2020, as the US allowed Venezuelan oil to enter the global market. India began importing Venezuelan oil again after nearly a year of no imports. Russia's share in India's crude oil intake dropped to 45% in August from 55.9% in July. Analysts expect Russian oil imports to remain steady at 2.0 to 2.5 million barrels per day (bpd) in the near future. However, the situation could change due to evolving market conditions and China's growing competition for Russian oil shipments.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}