July’s record 2.8 million bpd intake from Russia falls in August amid Ukrainian strikes and Chinese competition.
India’s crude oil imports from Russia have declined this month after hitting a record 2.8 million barrels per day in July. The drop follows Ukrainian attacks on Russian export infrastructure and increased competition from China for Russian barrels, reducing India’s intake of Moscow’s oil.
In July, Russian oil accounted for over half of India’s total crude imports, up from 2.7 million bpd in June. The previous high reflected India’s growing reliance on discounted Russian crude amid global supply shifts.
No immediate market reaction was reported, but the decline may signal tighter supply dynamics for Indian refiners.