India’s Imports of Russian Crude Hit New High in July

India's imports of Russian oil hit all-time high despite US tariff threat

New Delhi's record Russian oil imports come as Washington advances legislation that could impose up to 100 percent tariffs on countries buying crude from Moscow

India’s record Russian oil buys expose limits of U.S. sanctions

India's July Russian crude imports hit a record 2.8 million barrels per day, now over 55% of total imports. The Strait of Hormuz and Bab al-Mandab closures have cut off alternative supply routes. Ukrainian drone strikes on Russian refineries have increased cheap crude available for export. Congress is considering the Graham Sanctioning Russia Act allowing 100% tariffs on top Russian oil buyers. Critics warn tariffs will raise American consum…

India’s July Russian crude imports hit record high – media

At 2.8 million barrels per day, the shipments now account for 55% of New Delhi’s purchases India’s crude imports from Russia have surged to a record high in July, accounting for 55% of its total crude oil purchases, according to media reports. Shipments rose to around 2.6 million barrels per day (mbd), The Times of...

India’s Imports of Russian Crude Hit New High in July

India keeps buying a lot of Russian oil, with July imports hitting a new all-time high and accounting for more than half of total Indian crude oil imports. India’s crude oil imports from Russia rose to 2.8 million barrels per day (bpd) in July, up from the previous high of 2.7 million bpd in June, for the highest average monthly volume ever, according to vessel-tracking data by Kpler cited by the Times of India on Monday.  Total Indian crude oil…

Why India bought record Russian oil in July despite Trump's 100% tariff threat

India imported a record volume of Russian crude in July even as a US tariff proposal advanced. The surge underlines refiners' focus on price and supply security amid legal uncertainty and West Asia shipping risks.